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
