Street signs: Big investors getting into HFCL

Himachal Futuristic Communications (HFCL) seems to be attracting big investors. According to stock market sources, Boston-based fund manager Grantham Mayo Van Otterloo (GMO) and some leading domestic investors have bought this stock in the past week, with the former taking a stake of about one per cent in it.

The stock hit the upper circuit twice last week. HFCL is a telecom infrastructure company which specialises in telecom equipment and optical fibre cables.

Joydeep Ghosh

Dividends make a difference

To improve transparency, markets regulator Securities and Exchange Board of India (Sebi) is urging fund houses to benchmark their equity schemes