Buzzing stock: HFCL hits upper circuit for two consecutive days
DSIJ Intelligence / 07 Sep 2017
Grantham Mayo Van Otterloo (GMO), an emerging markets quality fund has bought more than 10 million shares of Himachal Futuristic Communications Ltd. (HFCL).
Grantham Mayo Van Otterloo (GMO), an emerging markets quality fund has bought more than 10 million shares of Himachal Futuristic Communications Ltd. (HFCL). This has led the stock to hit the upper circuit on the second day too.
On Wednesday, the stock opened at Rs 21.45 and surged 10 per cent and closed by hitting the upper circuit level of Rs 25.60. Today, the stock opened at Rs 27.50 and again hit the upper circuit price of Rs 28.15 till the close of the session .
As per the bulk deal order data, 1,10,81,468 shares of HFCL were bought on NSE at Rs 23.92 on Wednesday.
HFCL is a telecom infrastructure enabler whose activities include infrastructure development, system integration, and manufacture and supply of telecom equipment and optic fibre cable (OFC).
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.