Smallcap stocks under pressure; Sterlite, MTAR, HFCL, Netweb slide 5%
HFCL is in focus.
· Business Standard Mkts
At 10:04 AM on Thursday, the Nifty Smallcap 100 index was down 0.86% at 19,218, as compared to a 1% rally in the Nifty 50.
The analysis
HFCL reported movement of 5%, 1% and 0.86%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.0% on the day at ₹231.29, and has returned +25.2% over three months. It sits 15% below its 52-week high. The telecom & media sector has moved +0.9% over the same period, so HFCL is running 24.3 points ahead of its peers.
For HFCL, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Market context
- In focus: HFCL (HFCL), in Telecom & Media.
- Over three months: HFCL +25.2% against Telecom & Media +0.9% (24.3 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HFCLHFCL · Telecom & Media | ₹231.29 | -5.0% | +1.9% | +25.2% | -14.9% | 0.3× | — |
Telecom & Media
1M -0.2% · 3M +0.9%
HFCL
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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