UPL Ltd Gains Momentum as Subsidiary Expands Investment in Brazil Joint Venture

Amidst an overall fragile market, the HFCL stock is making a buzz with a staggering surge of almost 3 per cent, accompanied by an impressive volume of over 77 lakh shares traded so far. What could be the driving force behind this sudden surge in HFCL's stock price?   

On Monday, the stock witnessed a multi-month breakout as it logged a fresh, nearly 12-month high. Furthermore, the stock has logged this breakout along with massive volume jump as volume recorded for the day was highest since mid-May 2019.   

Could the bonus announcement trigger a decent rally in the stock price or will it reclaim its 52-week high?

For manufacturing additional quantities of the vaccine and ensuring the continuance of manufacturing & supplying of all other vaccines against poultry, sheep, goat, and cattle, the company is undergoing capacity expansion, which is expected to be completed by January 2023. 

You might be wondering why this stock requires special attention in the near future! Don’t worry, we’ll discuss the same in this article itself! 

The stock is up by nearly 29 per cent on a YTD basis while in the last one year, it has gained nearly 57 per cent.  

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform. Here is the list of stocks:  

Amidst all this, there is one sector that has delivered a mouthwatering gain of over 7.5 per cent on an MTD basis and it is amongst the top-performing sector for the month of January 2022.

KEC International was one of the stocks, which was seen outperforming and bucking the negative trend of the market as it surged 1.42 per cent on Friday. So, what was the key catalyst for the stock, which helped it to outperform the market by a wide margin?