Maithan Alloys buys 0.05% stake in HFCL for Rs 20 Cr

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

MAITHANALL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹900.05

prior close

₹900.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.4% vs market

Ferro & Silica Manganese peers, median of 7sector-1.5%+0.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts more than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.3

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.7-1.4-1.5+0.9

Next day

-2.1-1.0-1.2-1.8-0.3

-2.2-0.3-2.0-0.6-1.6

-3.8-1.9-1.9-1.4-2.4

-7.6-4.5-3.2-5.4-2.2

-9.8-5.5-4.3-5.9-3.9

-14.7-7.3-7.4-11.0-3.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maithan Alloys acquired 7,80,000 shares (0.05%) of listed telecom firm HFCL Limited through the stock exchange on 13 Oct 2026, paying Rs 20 Crore in cash. The deal is not a related party transaction and was done at arm's length. Maithan says it is treating this as a long or short term investment and does not intend to seek control of HFCL. HFCL had FY26 turnover of Rs 4,528 Crore and operates in telecom infrastructure, optical fiber, and defence equipment.

Likely market impact

Minor financial investment; no control sought, so impact on Maithan stock is likely neutral.