With Nifty and Sensex rallying in Friday's session, NSE Telecom index is outperforming the broader markets, and is the top gainer in the afternoon session. Among the telecom stocks, HFCL share price stole the show by gaining over 8 per cent in trade today and traded at the afternoon high of Rs. 14.45.
HFCL share price had opened at Rs. 13.30 against its previous close of Rs. 13.20. At current market price, the stock is trading 1.7 times its book value which is Rs. 8.04, above its 50 DMA with the beta of 1.34. The stock has gained over 13 per cent in a year and over 7 per cent in past one month.
The company has the huge market cap of Rs. 1635.98 crores as on 27th January 2017 with 50.24 per cent promoters holding pledged. HFCL has the high PE ratio of 272.11and has posted the consolidated EPS of 0.19 in the September quarter. The company had also posted approximately 50 per cent decline in its consolidated net profit in the September quarter QoQ.
At 2:07 PM, HFCL share price was trading at Rs. 14.15, up by 7.20 per cent. So far, approximately 65 lakh shares were traded at the NSE counter as compared to its twenty day traded average of over 15 lakh shares. The stock has the Average Daily Movement of 0.71 and has breached both its first resistance of 13.95 and the second resistance of Rs. 14.20. In past week, the highest traded and deliverable quantity was seen on 24th January 2017 at the low of Rs. 12.75.
As per the December shareholding pattern, number of Indian promoters has increased from 15 in September to 16 in December while the percentage holding remains the same. Institutions holding have gone down while non-institutions have marginally increased their stake. For more details on the company, visit HFCL share price history page of Dynamic Levels website.
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