HFCL Limited has procured a Rs 67 crore order for Optical Fiber Cables (OFC) from a leading domestic telecom service provider in India. The order, to be executed by April 2024, requires HFCL to supply multiple types of cables as per customer specifications. The demand for OFCs is growing due to India's digitization drive and the recent Cabinet approval for rural broadband connectivity.

HFCL's management stated hat the company witnessed softening in demand of optical fibre cables and telecom and networking products from the telcos, resulting into decline in product revenue in Q2.

On October 13, ETMarkets delved into 10 stocks showcasing a bullish trend with their RSI surging upwards. Discover the essence of Relative Strength Index (RSI) and how it can shape your investment decisions.

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About 8 stocks that gave double-digit returns in August saw more than 1 crore of shares being bought by mutual funds.

The said project will be executed by the company in collaboration with Khilari Infrastructure Private Limited as a consortium partner within 24 months from the date of order.

The company said it needs to fulfill the order by November of this year.

The company said it needs to fulfill the order by November of this year.

On September 7, Thursday, StockEdge identified 21 stocks trading in the overbought zone with bearish RSI trends. From this list, ETMarkets has singled out 10 cautionary stocks for investors to consider. Discover the significance of RSI and gain insights into these stocks to make informed investment decisions.

The issue got subscribed four times with Reliance Industries, through its investment arm Reliance Ventures and Quant Mutual Fund, hiking their stakes in the company.

Sterlite Technologies exhibited a strong breakout on the daily chart, accompanied by a significant surge in trading volumes.

HFCL stock has given a return of 11.12 percent over the last six months. The benchmark Nifty50 index has also given a similar return of 12.01 percent over the same duration.

#HFCL Expecting profitable Q1 for HFCL (awaiting result confirmation) hence buying between 64 to 66 with SL @ 60.1 for target of 76 then 84

#HFCL Expecting profitable Q1 for HFCL (awaiting result confirmation) hence buying between 64 to 66 with SL @ 60.1 for target of 76 then 84