Asia / Pacific
India’s HFCL Drops Post Q3 Profit Fall
• India’s HFCL dropped after Q3 profit fall, according to a report by Reuters.
• The report highlights the drop in the company’s share price, with a negative percentage of 4.76%.
• The drop in the share price is attributed to a decrease in the company’s revenue and a decrease in the profit margin.
• The report also mentions a decrease in the company’s liquidity, with the company’s shares trading at a lower level than expected.
• The report also mentions a potential increase in the company’s dividends, with the company’s dividends expected to reach a record high of ₹10,500 crore in 2022.
