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Hon Hai Precision Industry ( (HNHPF) ) just unveiled an announcement.
Foxconn Hon Hai Technology India Mega Development Private Limited, a subsidiary of Hon Hai Precision Industry, has announced the acquisition of electromechanical equipment worth over INR 3.66 billion. This acquisition, done through negotiation with Cinda Engineering and Construction Private Limited, reflects an operational requirement to enhance the company’s manufacturing capabilities in India, potentially strengthening its position in the electronics manufacturing sector.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a prominent player in the electronics manufacturing industry. It provides a wide range of services such as electronics production and component manufacturing. The company is particularly known for its significant role in the consumer electronics market, working with major brands to produce devices like smartphones, tablets, and other electronic components.
YTD Price Performance: 65.73%
Average Trading Volume: 48,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.85B
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.
