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HFCL Share Price Gain Over 2% Despite Promoter Reducing Stake

Written by: Kusum KumariUpdated on: Mar 27, 2025, 5:09 PM IST
HFCL share price gained over 2% on March 27, despite MN Ventures reducing its stake. The stock rebounded after a 2-day decline, showing signs of investor confidence.
HFCL Share Price Gain Over 2% Despite Promoter Reducing Stake
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HFCL share price rose over 2% on Thursday, March 27, even as its promoter reduced its stake in the company. The stock opened at ₹79.77 on the BSE, up slightly from its previous close of ₹79.75, and touched an intraday high of ₹81.43. As of 11:50 AM, it was trading 1.37% higher at ₹80.84, aiming to break a two-day losing streak. The stock had declined over 6% in the last 2 sessions.

Promoter Reduces Stake in HFCL

In a regulatory filing on March 27, HFCL reported that its promoter, MN Ventures Private Limited, sold shares on March 13, 21, and 24.

  • MN Ventures initially held 29.08 crore shares (20.16%) in HFCL. 
  • After selling 1.7 crore shares (1.18%), its stake reduced to 27.38 crore shares (18.98%). 

Major Public Shareholders in HFCL

As per HFCL’s shareholding pattern for Q3FY25 (December quarter):

  • Quant Mutual Fund owns 8.30% (11.97 crore shares). 
  • Reliance Ventures holds 1.57% (2.26 crore shares). 
  • Reliance Strategic Business Ventures owns 3.36% (4.85 crore shares). 
  • Foreign portfolio investors (FPIs) collectively hold 6.70% (9.66 crore shares). 

HFCL Share Price Performance

  • Over the past year, HFCL shares have dropped nearly 12% (as of March 26). 
  • The stock hit a 52-week low of ₹77.25 on March 3, 2025, after reaching a 52-week high of ₹171 on September 23, 2024. 
  • In March, the stock is up nearly 2%, following 3 months of losses: 
    • December 2024: Down 13% 
    • January 2025: Down 13% 
    • February 2025: Down 19% 

Conclusion

Despite the promoter reducing its stake, HFCL shares rebounded, indicating investor confidence. The stock is attempting to recover after consecutive months of decline. Investors will closely watch market trends and future developments in the company.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 27, 2025, 1:21 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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