HFCL shares extended their sharp rally for a fifth consecutive session on Thursday, jumping as much as 3.7% to hit an intraday high of ₹146.79. According to reports from The Economic Times, the stock has now delivered a cumulative gain of nearly 37% over the five-session period, driven by fresh order wins and a sharp turnaround in earnings. The stock has emerged as one of the strongest momentum counters in the telecom equipment space, rallying nearly 98% over the past one month alone.
Adding to investor optimism, on May 4, the company informed exchanges that it, along with its subsidiary HTL Limited, secured purchase orders worth around ₹84.23 crore from a leading private telecom operator for the supply of optical fibre cables (OFC). As reported by The Economic Times, these fresh order wins have contributed significantly to the recent rally momentum.
On April 30, HFCL reported a strong set of Q4FY26 numbers, swinging back into profitability. According to The Economic Times, consolidated net profit came in at ₹178.50 crore, compared with a loss of ₹81.44 crore in the year-ago period. Profit also surged 82% sequentially from ₹97.62 crore reported in the previous quarter. Revenue growth was equally impressive, with net sales standing at ₹1,824.12 crore in March 2026, marking a massive 127.8% jump from ₹800.72 crore in the corresponding quarter last year. On a sequential basis, revenue climbed nearly 51% from ₹1,210.79 crore.
HFCL currently commands a market capitalisation of around ₹22,316 crore and also touched its 52-week high during Thursday's session. As reported by The Economic Times, the stock trades at a price-to-earnings (P/E) ratio of 69.46 and a price-to-book (P/B) ratio of 4.95. The company's strong performance has positioned it as a significant player in the telecom equipment sector.
Technical indicators suggest overheating after the sharp rally, with the Relative Strength Index (RSI-14) standing at 91, well above the 80 mark that is generally considered strongly overbought, indicating the possibility of a near-term pullback or profit-booking. However, bullish sentiment remains intact as the stock continues to trade above all eight key simple moving averages. According to The Economic Times, institutional activity reflects mixed sentiment, with mutual fund holdings increasing from 6.68% to 6.92% during the March 2026 quarter, while foreign portfolio investors slightly reduced their stake from 7.48% to 7.08%.
