Every retail investor who is invested in HFCL from a long period of time despite knowing the past of the Management of HFCL is hopeful the Mr.Nahata the top man of HFCL may show some aggressive business moves and bring back the company to its past glory.The share price is being controlled by Brokers just like snake charmers and its movement is at the sweet will of these Brokers.Company has no doubt turned around and is on the path of recovery with enhanced rating and having declared its first dividend of Equity Shares though a small amount.
With great potential of the company for steep growth specially in OFC manufacturing and BSNL projects for defense etc the share price is still under control of brokers.It moved up to Rs.35/-few months back but was ruthlessly dragged down to Rs.25 without any specific commentary by management.Share market is touching new heights day by day but this share is still getting haunted by its black past wherein SEBI came up with heavy hands on certain promoters and Brokers like Ketan Mehta.
Now a big question is whether these snake charmers stop paying there BEEN (a musical instrument to control snakes) to let the share see new heights based on its true future growth.
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