HFCL shares locked in 5% lower circuit, down 21% in a month despite record Q2 profit: What lies ahead?
New Delhi, Nov. 9 -- HFCL share price remained locked in the 5% lower circuit on Monday, 9 November, extending its recent decline despite the telecom equipment maker reporting its strongest-ever quarterly performance in Q2 FY27.
The stock has fallen 6.23% over the past week and 15.73% in the last two weeks. It has declined 21.14% over the past month and 1.01% in the past three months. However, the stock continues to trade significantly higher, with gains of 45.98% over six months and 199.10% on a year-to-date (YTD) basis.
The weakness comes despite a sharp improvement in the company's financial performance, with HFCL reporting a multi-fold increase in consolidated net profit for the September quarter, supported by strong demand for opti...
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