HFCL among 3 stocks closing above VWAP
HFCL is in focus with October 9 in focus.
· ET Stocks
Three Nifty 500 stocks closed more than 2% above their respective volume-weighted average prices (VWAPs) on October 9, according to StockEdge’s technical scan.
Key facts
- Dates in focus
- October 9
The analysis
HFCL reported movement of 2%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.4% on the day at ₹263.99, and has returned +21.3% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The telecom & media sector has moved +1.3% over the same period, so HFCL is running 20.0 points ahead of its peers.
For HFCL, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Market context
- The company directly in focus is HFCL.
- Sector exposure: Telecom & Media.
In this story
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