HFCL jumps on army deal, but analyst sees weak outlook
HFCL briefly spiked after its unit won a ₹101.8 crore Army order, but analysts warned the stock remains weak. Shares trade near ₹70, down 57% from 52-week highs, with ₹80 seen as major resistance. Valuations are stretched at 306x P/E, earnings have turned negative, and institutions may be following a "sell on rise" strategy.