Home / Business and Economy / HFCL Rockets 252% in 2026, Defying Market Slump
HFCL Rockets 252% in 2026, Defying Market Slump
8 Sep
Summary
- HFCL shares jumped 5% to hit upper circuit on NSE.
- The company posted a net profit of ₹245.64 crore in Q1 FY27.
- HFCL secured a three-year optical fibre cable supply deal worth $244 million.
HFCL Ltd shares saw a significant 5% increase on the National Stock Exchange (NSE) on September 8, 2026, snapping a four-day losing streak. This rise occurred even as the broader market experienced a downturn. The company, a key player in telecommunications equipment and solutions, has achieved a remarkable 252% stock surge in 2026, a stark contrast to the Nifty 50's decline.
This impressive performance follows a profitable Q1 FY27, where HFCL reported a net profit of ₹245.64 crore against a loss in the prior year, with revenue climbing by 119.85%. The company also boasts its highest-ever order book at ₹26,665 crore.
Further bolstering its position, HFCL recently finalized a three-year deal worth around $244 million (₹2,329 crore) for optical fibre cable supply. Concurrently, HFCL is expanding its data center and defense sectors, including a ₹215 crore investment in an AI Data Centre Connectivity Solutions manufacturing facility.
