HFCL shares decline 4% despite ₹106 crore order win
pre-market1 source ↓written by the desknot a recommendation
- to ₹140.75
- 4.8%
- after reaching
- 52-week high
- order for optical
- ₹106.19 crore
- Trading volumes exceeded
- 25 million
HFCL shares fell 4.8% to ₹140.75 on 18 May, driven by profit booking after reaching a 52-week high. This decline occurred despite securing a ₹106.19 crore order for optical fibre cables from an international client. Trading volumes exceeded 25 million, indicating heightened market activity amid ongoing supply chain pressures linked to the West Asia conflict.
Not investment advice. For informational purposes only.