Why is the Ketan Parekh stock HFCL suddenly back in the radar and rallying so sharply?

Let us understand that what happened in the KP-10 case is nearly 20 years old and the company has moved on since with focus on its niche products. HFCL continued to show robust performance even as the stock price touched a 19-year high price of Rs.86 on 05 July. This price spike was also supported by volumes on the stock seeing a sharp growth. Just in the last one month, the stock of HFCL gained nearly 86% post the strong results.

Even the market cap of HFCL crossed the Rs.10,000 crore mark after a very long time. HFCL is engaged in the manufacture of high-end transmission and access equipment, optical fibre cables and it also specialized in setting up the complete communication networks for the telecom companies. It also has played a key role in smart city projects.