Shares of HFCL Limited reached a new 52-week high of ₹133.15 on the National Stock Exchange (NSE) on Tuesday morning, continuing a robust upward trend that has seen the stock nearly double in value this year. As of 11:43 AM, HFCL was trading at ₹132.28, marking a 4.95 percent increase from the previous close of ₹126.04, supported by unusual trading volumes exceeding 81.5 million shares, with a total value of ₹1,062.98 crore.
The immediate catalyst for this surge was the announcement made on Monday, in which HFCL and its subsidiary, HTL Limited, revealed purchase orders amounting to approximately ₹84.23 crore (inclusive of GST) from a significant private domestic telecom operator for the supply of optical fiber cables. These orders are scheduled for completion by August 2026, although the company did not disclose the identity of the client. Notably, these orders were received in the ordinary course of business and do not involve any related-party interests.
In April, HFCL witnessed a remarkable increase of over 57 percent, positioning itself for its largest monthly gain in more than five years. Year-to-date, the stock has delivered an impressive return of nearly 93 percent, significantly outpacing the Nifty 500’s negative year-to-date return of approximately 5 percent. Over the past year, the stock’s gain stands at around 65 percent.
This broader rally can be attributed to the company’s strong fundamentals. HFCL reported Q4 FY2026 revenue of ₹1,824.12 crore, reflecting a year-on-year increase of 127.8 percent, along with a profit after tax of ₹184.45 crore — a significant turnaround from a loss recorded in the same quarter last year.
As of Tuesday morning, HFCL’s price-to-earnings (P/E) ratio stood at 58.72, with a total market capitalization of ₹20,280.48 crore. Currently, sell-side pressure appears to outweigh buyer interest, with 63.12 percent of total trading volume on the sell side compared to 36.88 percent on the buy side, suggesting some profit-taking at these elevated stock levels.
