HFCL shares jump by 4%, all thanks to Reliance Retail
HFCL shares earned 4.37% to Rs 66.59 against the BSE’s last close of Rs 63.80. Earlier, stocks of the telecom gear firm opened flat at Rs 63.81 on BSE.
HFCL shares have been down by 0.30 per cent in one year and dropped 12 per cent since the start of this year. The market cap of HFCL grew to Rs 9156.58 crore on BSE.
Shares of telecom infra company Himachal Futuristic Communications Limited (HFCL) increased over 4 per cent today after the company said it had secured orders worth Rs 137.63 crore from Reliance Retail Ltd. HFCL stock earned 4.37% to Rs 66.59 against the last close of Rs 63.80 on BSE.
Also read: Multibagger RVNL shares sink by 14%; what to expect?
Earlier, stocks of the telecom gear firm opened flat at Rs 63.81 on BSE. HFCL shares have been down by 0.30 per cent in one year and sunk 12 per cent since the start of this year. The market cap of HFCL grew to Rs 9156.58 crore on BSE. A sum of 10.11 lakh shares of the company changed hands, amounting to a turnover of Rs 6.59 lakh.
The share shot a 52-week low of Rs 55.75 on March 28, 2023, and a 52-week high of Rs 88.80 on December 9, 2022. Regarding technicals, the relative strength index (RSI) of HFCL stock was 41.2, signalling it’s trading neither in the oversold nor the overbought area. The share has a beta of 1.3, meaning very high yearly volatility.
