Tejas Networks: Sees a remarkable 12.10% rise to ₹1,290 per share, marking its largest gain since April 2024.
Sterlite Tech: Jumps 9% to ₹143.84, its biggest increase in four months.
HFCL's Impressive Climb: HFCL achieves its largest gain since January 2024, rising 11.52% to ₹134.
Birla Cable's Steady Rise: Birla Cable ends the session with a 6% gain, trading at ₹282.40 per share.
BharatNet Project OverviewThe rally is driven by the upcoming BharatNet Phase III tender, a crucial rural telecom initiative aiming to connect all Gram Panchayats across India.
Government Support: The government has approved an outlay of ₹1,39,000 crore for BharatNet, highlighting its commitment to enhancing rural connectivity.
Market ImpactThe BharatNet Phase III project is expected to significantly increase the market size for fiber roll-out services.
Company Achievements: HFCL and Tejas Networks: continue to innovate, with HFCL launching a 5G Fixed Wireless Access solution and Tejas Networks expanding internationally.
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Future Prospects: Optical fiber companies are poised for growth, driven by increasing demand and government initiatives.
Conclusion: With substantial government support and ongoing projects, the future looks bright for optical fiber stocks in India's telecommunications sector.