HFCL shares were locked at the 5% upper circuit at ₹225.60 and ₹225.20 in Monday's intra-day deals with only buyers at the counter on BSE and NSE, respectively, as reported by Business Standard. The stock has surged 232% in less than four months of FY27, significantly outperforming the broader market where NSE Nifty 50 has gained 9.3% and Nifty 500 surged 14% during the same period. As of 2 PM, the counter saw trades of around 2.04 million shares on the BSE, with pending orders for nearly 4 lakh shares, while NSE recorded a trading volume of around 22.2 million shares with pending buy orders for 3.6 million shares. The stock closed at ₹212.09 on NSE and ₹212.20 on BSE in the previous session, with immediate support placed at ₹185, followed by ₹170, while a sustained move above ₹220 could trigger the next leg of the rally towards ₹240-250 over the medium term.
The latest rally was primarily driven by CARE Ratings upgrading various bank facilities of HFCL's subsidiary HTL Limited with a positive outlook, as reported by Business Standard. The ratings agency upgraded three long-term bank facilities worth ₹40 crore, ₹60 crore and ₹115 crore from 'CARE BBB+; Stable' to 'CARE A (CE); Positive'. Similarly, HTL's short-term bank facility worth ₹150 crore was upgraded from 'CARE A1 (CE)' to 'CARE A2', while CARE A-; Positive/CARE A2+ ratings were assigned to another long-term/short-term bank facility worth ₹230 crore. According to the exchange filing, "The rating upgrade reflects the strengthened credit profile and improving business fundamentals of HTL and reinforces the confidence of lenders and stakeholders in its business prospects and financial position."
In June 2026, HFCL secured a contract amounting to ₹2,666.09 crore from Rail Vikas Nigam Limited (RVNL), as reported by Business Standard. The contract pertains to the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle, with scope including supply of telecom equipment and related accessories with installation & commissioning, creation of Optical Fiber Cable Telecom Network, and maintenance for a period of 10 years including a 1-year warranty period. This major order win reinforces the company's position in the telecom infrastructure sector and strengthens its order book, supporting the continued rally in stock price.
The stock's recent performance brings it to record high levels after registering a 52-week low at ₹59.82 on January 27, 2026, as reported by Business Standard. HFCL has surged over 20% in the past month against a 4.3% up move in the broader Nifty 500 index, with the stock's 52-week high at ₹220.09 and low at ₹59.82. Current market capitalization stands at ₹32,479 crores with a P/E ratio of 98.7 and dividend yield of 0.09%. The stock's upper circuit limit at ₹222.69 on NSE and ₹222.80 on BSE reflects the continued momentum despite recent profit-booking sessions. Weekly RSI has cooled from overbought levels but continues to remain in bullish territory, indicating that momentum is easing rather than reversing.
