HFCL shares hit lower circuit after 240% rally in 2026. What technical charts now indicate

HFCL shares have hit the 5% lower circuit on Thursday, extending their two-day decline to 7% despite a 240% rally in 2026. The stock is currently consolidating in the Rs 257-218 range, indicating a sideways bias. According to SBI Securities' Sudeep Shah, technical indicators point to this trend. The stock's recent performance has raised concerns among investors. Despite the recent gains, the stock's price has fallen by 7% over the past two days. This decline is despite the 240% rally seen in 2026. The market capitalization of the company has seen a significant increase due to a recent order from Power Grid Corp. However, the recent decline has put the stock under scrutiny. The company's recent performance has been a topic of discussion among investors. The stock's recent performance has raised concerns among investors. Analysts are closely monitoring the stock's technical charts to gauge the market's sentiment. The company's recent order has added $1 billion to its market capitalization. This increase has been attributed to the growing demand for the company's products. However, the recent decline has put the stock under pressure. The market is now waiting to see how the company will recover from this decline. The recent performance of the stock has been a topic of discussion among investors. The company's recent order has been a significant factor in its increased market capitalization. The stock's recent decline has raised concerns among investors. The company's recent performance has been a topic of discussion among investors. The recent decline has put the stock under scrutiny. The market is now waiting to see how the company will recover from this decline.