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HFCL Hits Upper Circuit, Rises 338% From Year Low
HFCL makes equipment and cables used in telecommunications networks.
Its share price rose sharply for the fifth day in a row, reaching a new 52-week high.
It has risen more than 338% from its low in January 2026.
The company recently reported a profit after making a loss in the same quarter a year earlier.
Its revenue also more than doubled, and it reported its biggest-ever order book.
Exchanges have put the stock under a special monitoring measure because of concerns such as unusual price moves or speculation.
HFCL also extended the deadline for a proposed sale of its stake in Nivetti Systems.
A technical analyst said ₹250–₹255 was a support area and outlined higher price projections, while noting the stock was in a price discovery phase.
HFCL rose 5% to ₹262.25 on October 6, marking a fresh 52-week high and its fifth consecutive session of gains.
The stock has climbed more than 338% from its January 2026 low of ₹59.83 and gained 245% so far in 2026.
In Q1FY27, HFCL reported a net profit of ₹245.64 crore, compared with a net loss of ₹29.30 crore a year earlier; revenue more than doubled to ₹1,914.98 crore.
HFCL reported a record order book of ₹26,665 crore at the end of the first quarter and was placed under Long-Term Additional Surveillance Measure Stage 4.
The deadline for HFCL's proposed sale of its entire stake in Nivetti Systems was extended from September 30 to on or before December 31, 2026.
- Who
- HFCL, a telecommunications equipment and optical fibre cable maker.
- What
- Its shares hit the 5% upper circuit and a new 52-week high amid a sharp rally.
- Where
- On the BSE.
- When
- Tuesday, October 6; the article does not specify the year for this date.
- Why
- The article points to improved financial results and a record order book as factors behind the rally.
Rally-supporting indicators
Risks and caution
Business and share-price outlook
Rally-supporting indicators
HFCL returned to profit, more than doubled revenue and reported a record order book. Technical analyst Hitesh Tailor said the breakout above ₹255–₹256 and supportive momentum indicators strengthened the chart outlook.
Risks and caution
The stock was placed under LT ASM-4, a measure used to monitor abnormal price volatility, high concentration or heavy speculation. The article also notes that the share price has risen sharply.
Technical levels
Rally-supporting indicators
Tailor identified possible upside projections at ₹273.30, ₹292.90 and ₹301.65, with immediate support at ₹250–₹255.
Risks and caution
The article presents these as technical projections, not guaranteed outcomes; it reports no contrary analyst forecast.
Key facts
- Upper-circuit price
- ₹262.25
- 52-week low
- ₹59.83, recorded in January 2026
- Rise from 52-week low
- More than 338%
- Q1FY27 net profit
- ₹245.64 crore, compared with a net loss of ₹29.30 crore in Q1FY26
- Q1FY27 revenue
- ₹1,914.98 crore, more than double the year-earlier figure
- Order book
- ₹26,665 crore at the end of Q1FY27, the company's highest ever
- Surveillance measure
- Long-Term Additional Surveillance Measure Stage 4 (LT ASM-4)
- Nivetti Systems sale deadline
- Extended to on or before December 31, 2026
Quotes
Hitesh Tailor
Technical Research Analyst at Choice Broking
“The immediate downside support now shifts to the ₹250– ₹255 zone. On the upside, HFCL enters a price discovery phase, with immediate resistance and target projections located at ₹273.30 (1.236 Fib extension) and ₹292.90 (1.50 Fib extension), followed by the major extension target near ₹301.65.”
livemint.com
Sources
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