HFCL, HEG, MIRC Electronics locked in upper circuit for second session

HFCL locked in upper circuit of Rs 35.95, up 10%, has been more than doubled thus far in September from Rs 17.90 on BSE

Shares of Himachal Futuristic Communications (HFCL), HEG and MIRC Electronics are locked in their respective upper limit of circuit filters for the second straight session on the BSE.

HFCL hit an over nine-year high of Rs 35.95, up 10%, extending its 17% surge in past two trading sessions after the company said it was no longer under the Corporate Debt Restructuring (CDR) mechanism. The stock was trading at its highest level since February, 2008.

“The successful exits of the account of HFCL from CDR mechanism stands approved on receipt on confirmation from IDBI Bank, the Monitoring Institution (MI)