HFCL shares drop 2% after skyrocketing 92% in one month. Time to buy or better to wait?

HFCL shares saw a 2% dip after a significant 92% surge in a month which prompted profit booking. Despite this, the stock has rallied nearly 147% year-to-date. Analysts at Geojit maintain a ‘Buy’ rating with a target of Rs 150, citing a strong order book, defense sector expansion, and favorable long-term fiber demand outlook.

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