HFCL Stock Surges 9% After F&O Exit; Faces Worst Year Since 2008

• HFCL shares jumped nearly 9% on Wednesday, December 31, marking its biggest single-day surge since May.
• The stock's exclusion from the Futures & Options (F&O) segment, now trading only in the cash market, triggered the rally.
• Trading volume significantly increased, with over 5 crore shares traded in the first hour compared to a 95 lakh 20-day average.
• Despite today's gain, HFCL is down approximately 40% this year, making it its worst performance since 2008.
• Technically, the stock remains weak, trading below key moving averages, with its 50-DMA at ₹71.

Why It Matters: HFCL saw a significant jump post-F&O exit, but its annual performance remains the worst since 2008.