Shares of touched a fresh 52-week high of ₹133.15 on the NSE on Tuesday morning, extending a powerful run that has seen the stock nearly double this year. At 11.43 am, the stock was trading at ₹132.28, up 4.95 per cent from its previous close of ₹126.04, on unusually heavy volumes of over 815 lakh shares with a traded value of ₹1,062.98 crore.
The immediate trigger was the announcement from Monday in which HFCL and its material subsidiary HTL Limited disclosed purchase orders worth approximately ₹84.23 crore (inclusive of GST) from a leading private domestic telecom operator for the supply of optical fibre cables. The orders are to be executed by August 2026. The company did not name the client. The orders were received in the ordinary course of business and involve no related-party interest.
HFCL surged over 57 per cent in April alone, on course for its biggest monthly gain in more than five years. Year-to-date, the stock has returned nearly 93 per cent, vastly outperforming the Nifty 500’s negative YTD return of approximately 5 per cent. Over one year, it has gained about 65 per cent.
The broader rally has been underpinned by strong fundamentals. HFCL reported Q4 FY2026 revenue of ₹1,824.12 crore, a 127.8 per cent year-on-year increase, and a profit after tax of ₹184.45 crore — a complete turnaround from a loss in the same quarter last year.
The stock’s P/E stands at 58.72 with a total market capitalisation of ₹20,280.48 crore as of Tuesday morning. Sell-side pressure currently outweighs buyers, with 63.12 per cent of total quantity on the sell side versus 36.88 per cent on the buy side, suggesting some profit-booking at these elevated levels.