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HFCL Shares Surge 15% in Three Sessions; Key Levels Ahead
HFCL’s share price went up strongly over three trading sessions.
It rose more than 15% during that period and reached about ₹237.95.
One expert thinks the price may slow down or move sideways soon.
That expert says ₹220 is an important support level and ₹260 is a key barrier.
Another expert says HFCL has changed from a quiet period into a strong upward trend.
This analyst believes prices could rise further if they move above roughly ₹250 to ₹256.70.
The company also approved a small dividend for shareholders.
Its yearly report showed more orders, higher sales, and much higher profit.
HFCL shares rose 5% to about ₹237.95 on October 1, extending a three-session gain of more than 15%.
Technical analysts identified ₹220 and the ₹218–₹197.50 zone as important support, with resistance near ₹260.
Analysts differed on the outlook: one advised profit protection, while another saw a broader bullish trend and potential upside above ₹250–₹256.70.
HFCL shareholders approved a ₹0.20-per-share final dividend for FY26 at the September 29 annual general meeting.
The FY26 annual report showed a ₹21,206 crore order book, 22% revenue growth, and more than 90% growth in profit after tax.
- Who
- HFCL Limited, its shareholders, and market analysts Jigar S Patel and Mayank Jain.
- What
- HFCL shares gained more than 15% in three sessions, while analysts assessed whether the bullish momentum could continue.
- Where
- The report concerns HFCL’s publicly traded shares and its annual general meeting conducted by video conference.
- When
- The latest reported gain occurred on October 1, following the September 29 annual general meeting and September 22 ex-dividend date.
- Why
- The rise followed strong share-price momentum and reported FY26 business improvements, including higher revenue, profit, and order-book value.
Cautious Technical View
Bullish Structural View
Near-term momentum
Cautious Technical View
Jigar S Patel of Anand Rathi Share and Stock Brokers Limited said the weekly chart suggests slowing momentum and that the stock could enter consolidation or profit booking.
Bullish Structural View
Mayank Jain of Share.Market by PhonePe said the daily chart shows a major long-term shift into a strong bullish expansion.
Important price levels
Cautious Technical View
The cautious view places immediate support near ₹220 and key resistance at ₹260; a decisive move above ₹260 is needed to revive stronger momentum.
Bullish Structural View
The bullish view identifies ₹218–₹197.50 as crucial support and says a move above the ₹250–₹256.70 supply zone could enable further price expansion.
Investor approach
Cautious Technical View
Existing holders were advised to focus on protecting profits and avoid aggressive new long positions until a breakout occurs.
Bullish Structural View
The broader uptrend, prices above the 50-, 100-, and 200-day exponential moving averages, and the rebound from support were cited as evidence of continued strength.
Key facts
- Latest share price
- About ₹237.95 after a 5% rise on October 1
- Three-session performance
- More than 15% gain
- Key technical support
- ₹220; a broader support zone was identified at ₹218–₹197.50
- Key resistance
- ₹260, with the ₹250–₹256.70 supply zone also highlighted
- FY26 dividend
- ₹0.20 per fully paid-up equity share
- FY26 order book
- ₹21,206 crore, up 113% year on year
- FY26 financial performance
- Revenue rose nearly 22% to ₹4,949 crore, while profit after tax rose more than 90% to ₹329 crore
Quotes
Jigar S. Patel
Senior Manager of Technical Research at Anand Rathi Share and Stock Brokers Limited
“Throughout late 2024 and 2025, the stock consolidated quietly between ₹50.00 and ₹100.00 before breaking out aggressively in early 2026. This rally pushed price action well above its short, medium, and long-term Exponential Moving Averages (EMA 50 at ₹218.25, EMA 100 at ₹197.52, and EMA 200 at ₹163.09), confirming strong upward momentum.”
livemint.com
“The immediate support is placed near ₹220, which will be an important level to monitor. As long as this support holds, the broader structure may remain range-bound. On the upside, ₹260 acts as the key resistance. A decisive breakout above ₹260 would be required to revive stronger bullish momentum.”
livemint.com
Sources
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