HFCL hits upper circuit on strong order wins and rating upgrade
after close1 source ↓written by the desknot a recommendation
- for the second
- 5% upper circuit
- trading near
- ₹225
- stock has surged
- 230% in FY27
- contract from Rail
- ₹2,666.09 cr
Shares of HFCL are locked at the 5% upper circuit for the second consecutive day, trading near ₹225, reflecting robust bullish sentiment. The stock has surged 230% in FY27, driven by a ₹2,666.09 cr contract from Rail Vikas Nigam Limited for the BharatNet Phase-III project, enhancing long-term revenue visibility.
This strong performance positions HFCL as a leading player in the telecom infrastructure sector, with high trading volumes indicating sustained demand pressure. Immediate market implications suggest continued investor interest in HFCL's growth potential.
Not investment advice. For informational purposes only.