HFCL's Stock Performance Soars 6.21% on June 11, 2024, Outperforming Sector by 4.14%

Jun 11 2024 01:50 PM IST
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On June 11, 2024, HFCL, a midcap company in the telecom equipment industry, saw a positive trend in its stock performance, gaining 6.21% and outperforming the sector by 4.14%. With a consecutive 5-day gain of 24.52%, HFCL's stock is currently trading higher than its moving averages and has outperformed the Sensex in the last month. MarketsMojo has given a 'Hold' call for HFCL's stock, indicating its strong position in the industry.

HFCL, a midcap company in the telecom equipment industry, has seen a positive trend in its stock performance on June 11, 2024. The stock has gained 6.21% on this day, outperforming the sector by 4.14%. MarketsMOJO has given a 'Hold' call for HFCL's stock.

In terms of price summary, HFCL's stock has been on a consecutive gain for the last 5 days, with a rise of 24.52% in this period. The stock also touched an intraday high of Rs 104.3, showing a 6.1% increase. Additionally, HFCL is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

Comparing HFCL's performance to the Sensex, the stock has outperformed with a 1 day performance of 6.46% compared to the Sensex's 0.42%. In the last month, HFCL has also shown a better performance with a 11.87% increase, while the Sensex has only risen by 5.70%.

HFCL's stock performance on June 11, 2024, reflects the company's strong position in the telecom equipment industry. With a 'Hold' call from MarketsMOJO, investors can continue to monitor HFCL's stock and its performance in the coming days.
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