Founders of new-age technology companies often receive Esops, or equity-linked instruments over cash-based remunerations, in formative years. This also aligns their interest with the other shareholders in the company. As typically, when these companies raise investments the founders’ shareholding in the company gets diluted.
HFCL shares rally 22% in just 5 sessions. Here’s what technical charts indicate
HFCL shares jumped on Tuesday, extending their winning streak to a fifth straight session with gains of over 22% during this period. Technical analyst Ruchit