Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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Stocks that will see action on March 10, 2023

Domestic telecom gear maker HFCL on Thursday said it has collaborated with Microsoft to roll out private 5G solutions for enterprises, as businesses eye the next generation technology to spur digital transformation.

HFCL teams up with Microsoft to roll out pvt 5G solutions for enterprises

HFCL share price: The counter’s 14-day relative strength index (RSI) came at 55.48. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity (P/E) ratio of 35.12.

HFCL shares climb 4% today after collaborating with Microsoft for 5G solutions

HFCL advanced 2.63% to Rs 69.52 after the company announced collaboration with Microsoft to roll out private 5G solutions for enterprises.

HFCL gains on collaborating with Microsoft for private 5G solutions for enterprises

Meanwhile, the government seems focused on improving infrastructure (railways, roads, airports) and has increased spending.

Budget 2023: Bharti Airtel, RIL, ITI, HFCL gain as govt to set up 100 labs to develop 5G applications

HFCL bagged purchase orders aggregating to Rs 206.67 crore from Reliance Projects & Property Management Services and Reliance Retail for supplying optical fiber cables.

HFCL bags Rs 207-cr order from Reliance

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The order for optical fiber cables as per specifications are to be supplied domestically.

HFCL receives order for optical fibre cables worth Rs 206.67 crore from Reliance

Stocks to watch: Shares of firms like Maruti Suzuki, Axis Bank, ConCor, HFCL, Zomato, BoB, and others will be in focus in Tuesday’s trade.

Stocks to Watch: Maruti Suzuki, Axis Bank, ConCor, HFCL, Zomato, BoB, and Others

HFCL consolidated net profit rises 22.65% in the December 2022 quarter

Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related

Himachal Futuristic Communications Limited (HFCL) is a telecom company. The Company is a telecom infrastructure developer, system integrator, and manufacturer of telecom equipment and optical fiber cables.

HFCL Ltd