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HFCL

Discussion in 'Fundamental Analysis' started by akhtar80, Sep 11, 2017.

  1. akhtar80

    akhtar80 Responder

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    HFCL has seen sudden surge, any reason why?
     
    akhtar80, Sep 11, 2017
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  2. bnnarayana

    bnnarayana Contributor

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    Boston based fund manager GMO has bought 1.5 %Shares of HFCL on last 2 trading days, investors are showing lot of interest because of the above deal.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Sep 11, 2017
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  3. akhtar80

    akhtar80 Responder

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    But fundamentals are not that great in my opinion, owners shareholding is also very less. What do you think sir? Should we keep an eye on this?
     
    akhtar80, Sep 11, 2017
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  4. yaljpmib

    yaljpmib Member

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    yaljpmib, Sep 11, 2017
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  5. yaljpmib

    yaljpmib Member

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    yaljpmib, Sep 11, 2017
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  6. bnnarayana

    bnnarayana Contributor

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    I agree with you Fundamentals are not that great, it is high beta stock and telecom sector is not doing well, it may take few more years for the sector to grow, hence in my opinion there is no point in keeping watch on this stock.

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    bnnarayana, Sep 12, 2017
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  7. yaljpmib

    yaljpmib Member

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    yaljpmib, Sep 12, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    The only reason for the rise is more demand of the stock than supply. :D

    Some news channel may have reported something good about it.
     
    shabbir, Sep 12, 2017
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