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.
In a regulatory filing on March 27, HFCL reported that its promoter, MN Ventures Private Limited, sold shares on March 13, 21, and 24.
As per HFCL’s shareholding pattern for Q3FY25 (December quarter):
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.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates