HFCL has transitioned from a base breakout to a momentum extension after a sharp rally, says Harshal Dasani of INVasset PMS. The stock has broken past its earlier 52-week high zone, signalling strong momentum, but analysts caution the easy phase of the breakout may be over. The next pullback will help indicate whether buying is institutional or a short-term squeeze.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is