HFCL Share Price | On Monday 20 January 2025, the stock market witnessed a strong rally in the wake of positive global cues. On Monday, both BSE Sensex and Nifty closed in the green. NSE Nifty closed strong around 23350. Meanwhile, PL Capital Research brokerage firm has announced the target price for Himachal Futuristic Communications Limited Company shares.
HFCL Company Share Current Status
On Monday, January 20, 2025, shares of HFCL were trading 1.49 percent higher at Rs 105.30. The 52-week high of the stock of HFCL Company was Rs 171, while the 52-week low of the stock was Rs 80.25. The total market capitalization of HFCL currently stands at Rs 15,213 crore. On Tuesday (January 21, 2025), the stock was trading at Rs 102 with a decline of 2.80%.
PL Capital Research brokerage firm gave bullish signal
According to PL Capital Research brokerage, HFCL has fallen sharply from the level of Rs 171 per share in the last four months. Recently the stock has indicated that it will break out of the 92 zone. The stock has maintained long-term trendline support. The rally in HFCL stock is expected to extend further, as RSI has confirmed a positive trend reversal from the oversold zone. There are also higher buy signals on the daily chart. Apart from this, technically the chart of HFCL stock is in good position. PL Capital Research brokerage firm has advised to buy shares of telecom infra company HFCL Limited. The brokerage has announced a target price of Rs 127 for HFCL company shares. The brokerage has also advised investors to keep a stoploss of Rs 97. This target price is 22% more than the current level of the stock.
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