Why did HFCL Limited shares decline after announcing a new export order?

Despite the new order, investor sentiment remains cautious due to broader market concerns and the stock's significant underperformance from its 52-week high.

What is the value and timeline of the export order secured by HFCL?

HFCL secured an order worth approximately $72.96 million for optical fiber cables, with execution expected by November 2026.

How has HFCL's stock performed over the past year?

HFCL shares have fallen 48% from their 52-week high of ₹134.88 and are down 41.85% year-to-date.

Home / Business and Economy / HFCL Stock Dives Despite $73M Export Order

HFCL Stock Dives Despite $73M Export Order

8 Dec

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Summary

HFCL shares fell 3.95% to ₹66.30 after announcing a $72.96 million export order.
The order is for optical fiber cables, with execution set for completion by November 2026.
The stock is down 48% from its 52-week high, showing significant underperformance.

HFCL Stock Dives Despite $73M Export Order

HFCL Limited shares saw a notable dip of 3.95%, settling at ₹66.30 on the National Stock Exchange on Monday. This decline occurred even as the company announced a substantial export order valued at approximately $72.96 million (₹656.10 crore) for its optical fiber cables.

The order was secured through HFCL's overseas subsidiary for an international customer and is slated for execution by November 2026. Despite this positive business development, the market's reaction was subdued, reflecting ongoing concerns about the stock's performance.

Year-to-date, HFCL shares have depreciated by 41.85%, significantly underperforming the market. The stock's performance has been marked by high volatility and a 48% drop from its 52-week high of ₹134.88 reached a year prior.