HFCL Shares Rally 22% in Five Sessions as Technical Analysis Highlights Uptrend HFCL shares surged 22% over five consecutive trading sessions, with the stock hitting a day’s high of Rs 158 on the BSE. Technical analysts noted the rally as part of a sustained uptrend, driven by strong trading volumes and renewed buying interest. Ruchit Jain, Vice President of Technical Research at Motilal Oswal, highlighted that the stock has shown robust momentum in the past two months, with prices breaking above key resistance levels. The rally was further validated by institutional activity, as mutual fund holdings in HFCL increased from 6.68% to 6.92% during the March 2026 quarter. However, foreign portfolio investors (FPIs) slightly reduced their stake, decreasing from 7.48% to 7.08%. Analysts emphasized that the stock’s performance reflects both short-term momentum and potential long-term growth. Harshal Dasani of INVasset PMS observed that HFCL’s sharp one-week move above its 52-week high zone confirmed strength but also signaled the end of the initial breakout phase. He warned that the first pullback would indicate whether the rally was driven by institutional accumulation or temporary market pressure. Dasani added that the stock’s ability to hold the breakout band between Rs 150 and Rs 155 on a closing basis would sustain the uptrend, while a retest below this range could signal a reversal. Kunal Kamble of Bonanza described the rally as a strong bullish breakout, with HFCL trading above key exponential moving averages (EMAs) and maintaining higher volumes. The stock’s relative strength index (RSI) near 78 suggested overbought conditions, but Kamble noted that follow-up buying after the sharp rally indicated confidence among market participants.#motilal_oswal #ruchit_jain #hfcl #harshal_dasani #invasset_pms
HFCL Shares Reach 52-Week High Amid Fresh Optical Fiber Cable Order HFCL shares surged to a 52-week high of ₹128.49 on Monday, May 4, driven by a significant order to supply optical fiber cables to a private telecom operator. The company, along with its subsidiary HTL Limited, secured purchase orders worth approximately ₹84.23 crore. The order, expected to be fulfilled by August 2026, marks a major milestone for the firm, which has seen its stock price rally sharply in recent months. Over the past five trading sessions, HFCL shares gained 18%, with a monthly increase of 72% and a six-month rise of 63%. From the start of the year, the stock has climbed 82%, reflecting strong investor confidence. At 3:07 PM on the National Stock Exchange, shares were trading at ₹125.34, up 8.02% from the previous session. The company’s total market capitalization stands at ₹19,201.41 crore. The order underscores HFCL’s growing prominence in the telecom sector. The firm, which specializes in manufacturing optical fiber cables and telecom products, has expanded its operations to include defense electronics and turnkey EPC services. Its strong R&D capabilities have positioned it as a key player in India’s 5G rollout and broadband expansion initiatives. HFCL operates five manufacturing facilities in India, two each in Telangana and Tamil Nadu, and one in Goa, serving customers in over 30 countries. HFCL’s recent success builds on its long-standing role in India’s telecom industry. Established in 1987, the company began as a manufacturer of telecom equipment during the country’s early telecom expansion phase. It became a pioneer in the sector, establishing one of India’s first private telecom companies. In 1995, HFCL bid ₹85,000 crore for a basic service telecom license, playing a pivotal role in shaping the nation’s telecom landscape.#telangana #national_stock_exchange #tamil_nadu #hfcl #htl_limited
