Himachal Futuristic Communications Surges on Defence Foray

Shares of Himachal Futuristic Communications (HFCL) rallied as much as 15 per cent to hit intraday high of Rs 16.45 after the company announced foray into the business of manufacturing defence equipment. HFCL in a press release said, "The company has been granted industrial licences for a range of products which include electronic fuses, electro optical devices and communication equipment along with permits for assembling electronic...