Smallcap stocks under pressure; Sterlite, MTAR, HFCL, Netweb slide 5%
HFCL is in focus.
· Business Standard Mkts
At 10:04 AM on Thursday, the Nifty Smallcap 100 index was down 0.86% at 19,218, as compared to a 1% rally in the Nifty 50.
The analysis
HFCL reported movement of 5%, 1% and 0.86%. 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 -5.0% on the day at ₹243.82, and has returned +9.3% over three months. It sits 10% below its 52-week high. The telecom & media sector has moved +2.3% over the same period, so HFCL is running 7.0 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.
- The immediate tone of coverage reads positive.
In this story
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