You can occasionally get these kinds of scenario in the market, HFCL is now sitting on the perfect support level and on the bull flag. Breakout may occur soon which can lead it to around 40, stop below 22.5. Fundamentally also it is a good stock, you can hold it for long-term also.
@SouravLodha, Nothing can survive in this kind of market. So the best thing you can do is let the dust settle and get in again at the right time. It will rise in future because fundamentally it's really good.
Yp2303
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Fully agree sirji with your views, I expect an Eps of 2.5 in current year considering 9200 crs orders in hand, giving reasonable pe of 24 as industry pe is 30 my 1yr projected price comes to 2.5x24=60 rs.