India's HFCL rises on exemption from European anti-dumping duties

HFCL

18/06/2024 08:46

** Shares of HFCL  HFCL.NS  rise as much as 9.4%, hitting
their highest level since Dec. 2001  
    ** The telecom infra components maker said the European
Commission exempted it from anti-dumping duties 
    ** Exemption after co was found to not be engaged in dumping
of optical fibre cables in European markets  
    ** Stock set to rise for a ninth straight session after
dropping nearly 20% on June 4 amid a surprise Indian election
verdict 
    ** Nearly 97.5 mln shares traded by 1:05 p.m. IST, 4 times
their 30-day avg
    ** Stock up nearly 50% YTD

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))