HFCL shares saw a 2% dip after a significant 92% surge in a month which prompted profit booking. Despite this, the stock has rallied nearly 147% year-to-date. Analysts at Geojit maintain a ‘Buy’ rating with a target of Rs 150, citing a strong order book, defense sector expansion, and favorable long-term fiber demand outlook.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend