Indian telecom infra components maker HFCL extends rally, hits 1-yr high

HFCL

18/12/2023 07:06

** Shares of telecom infra components maker HFCL  HFCL.NS 
rise as much as 9.5% to 81.15 rupees, highest price since Dec.
16, 2022
    ** HFCL on Friday said it had entered the defence sector,
sending shares up as much as 12.6% before closing 9.4% higher
    ** Stock has advanced 17.6% since Friday
    ** Set for smallest quarterly gains in three, if trend holds
    ** More than 76 mln shares change hands, 9x of 30-day avg
    ** This is the third time this year that 70 mln shares of
the co have traded in a single day
    ** Stock up 8.2% YTD



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))