Himachal Futuristic Communications has received the Purchase Order (PO) worth Rs 5.58 billion approx. from BSNL, New Delhi vide its letter dated September 20, 2018 for Planning, Designing, Procurement, Installation, Integration, Commissioning, Testing, Training, Documentation and Maintenance of Hybrid Microwave broadband radio links including repeaters, EMS/NMS and antenna towers and accessories on turnkey basis for pan India Defence Network.
The stock had underperformed the market over the past one month till Sep. 24, 2018, falling 19.69% compared with the Sensex's 5.09% decline. It underperformed the market in past one quarter, declining 34.38% as against 1.72% rise in the Sensex.
Shares of the company gained Rs 0.1, or 0.53%, to trade at Rs 19.10. The total volume of shares traded was 980,031 at the BSE (1.40 p.m., Tuesday).