Shares Of Optical Fiber Cable Manufacturer Himachal Futuristic Communications

Shares of optical fiber cable manufacturer Himachal Futuristic Communications rallied 10 percent intraday after reporting healthy earnings growth in June quarter.

Its profit in June quarter increased 148 percent year-on-year to Rs 117 crore driven by strong revenue mix and operating performance.

Revenue grew by 23 percent to Rs 1,343 crore in quarter ended June 2019, against Rs 1,088 crore reported in same period last year.

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