HFCL Limited shares surged 9 per cent in intraday trade on Wednesday to hit a fresh 52-week high after the company secured a new order from a railway Navratna PSU. According to reports from Business Standard, the stock opened at ₹162.49 on the NSE and climbed to an intraday high of ₹176.44. As of 1:15 PM, HFCL shares were trading 7.5 per cent higher at ₹174, with nearly 60 million shares changing hands for a total value of ₹10 billion. The technology and manufacturing company has emerged as one of the Street's top-performing stocks in 2026, with shares rallying 63 per cent over the past month compared with a 0.75 per cent decline in the Nifty 50 index. The stock has delivered a multibagger return of 152 per cent so far this year, outperforming the benchmark Nifty 50, which has declined 8.5 per cent during the same period.
Today's buying interest was buoyed by an announcement wherein the company has received a purchase order worth ₹135.09 crore from RailTel Corporation of India Limited for the annual maintenance contract of the project "implementation of secure operations (OPS) network" for data centres of Indian defence forces. As reported by Business Standard, this represents the fourth order for the company this month. The contract involves HFCL providing end-to-end maintenance support services aimed at ensuring high availability, reliability, and security of the network infrastructure supporting critical defence communication operations. The scope includes preventive and corrective maintenance, network monitoring, incident management, performance optimisation, and 24x7 technical support services. HFCL had earlier undertaken the implementation of the secure OPS network for Indian defence forces under a project awarded by RailTel, successfully completing the design, supply, installation, and commissioning of one central data centre and 120 mini data centres at Indian defence establishments across the country.
This latest contract follows a series of significant orders secured by HFCL in recent weeks. According to the report, on May 16, HFCL had secured an export order worth $11.07 million (₹106.19 crore) for the supply of optical fibre cables through its overseas wholly owned subsidiary from an international customer. Earlier on May 11, the company won an export order worth $19.32 million (₹183.95 crore) for the supply of optical fibre cables from an international customer. On May 4, the company received purchase orders worth ₹84.23 crore for the supply of optical fibre cables from one of the leading private telecom operators. The company had earlier undertaken the implementation of the secure OPS network for Indian defence forces under a project awarded by RailTel, successfully completing the design, supply, installation, and commissioning of one central data centre and 120 mini data centres.
In a related development, HFCL, in a filing on May 14, said that the board has approved the establishment of a defence manufacturing facility for the manufacturing of Multi-Mode Hand Grenade (MMHG) and similar products in Sri Satya district of Andhra Pradesh at a total initial capital outlay of ₹230 crore. As reported by Business Standard, HFCL, a constituent of the Nifty 500 index, was among the most active counters on the NSE in terms of both trading volume and value. The stock has delivered a multibagger return of 152 per cent so far this year, outperforming the benchmark Nifty 50, which has declined 8.5 per cent during the same period.
