In January this year, the telecom equipment and optical fiber cable manufacturer raised Rs. It touched a 52-week low of 59.82. In less than four months, the stock surged nearly 172% on Monday to Rs. A fresh record high of 162.50 has been reached.
HFCL’s share price on NSE on March 24 was Rs. Up more than 144% from the low of 66.55. The stock has gained over 15% in just one week and currently trades at a P/E ratio of 69.
Should you buy, sell or hold HFCL shares?
According to Harshal Dasani, Business Head, INVasset PMS, HFCL has moved from a base breakout to a momentum extension. He noted that the stock had breached its previous 52-week high zone in a sharp one-week move, confirming strength, but added that the easy part of the breakout was behind it.
When prices extend above previous resistance this quickly, the first pullback usually indicates that the move was driven by institutional accumulation or just a short-term squeeze, he added.
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“As long as HFCL holds a breakout band around Rs 150 to Rs 155 on a closing basis, the structure remains constructive. A controlled retest with low volume will keep the trend healthy. A breakout below that zone will weaken and open the risk of a deeper mean reversion. The quarterly trigger is strong, but the chart book has already improved and the lot order has improved in price. That optimism is a strong chart, Fresh Momentum no longer requires consolidation, even if the broader trend remains intact, increasing risk-reward.
HFCL Earnings Snapshot
Earlier in April, HFCL had announced that in the fourth quarter of FY2026, Rs. 178.50 crore as against Rs.178.50 crore in the corresponding quarter of the previous fiscal. 81.44 crore against a net loss. Meanwhile, the company’s net sales rose 128% over the year-ago period to Rs. 1,824 crores.
On a sequential basis, the profit in the previous quarter was Rs. 98 crore, up 82%, while revenue in the third quarter of FY26 stood at Rs. 1,211 crore was up 51% QoQ.
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(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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