Ahmedabad Times

Shares of HFCL continued their stellar rally on Thursday, leaping as a lot as 3.7% to hit an intraday excessive of Rs 146.79. The inventory has now superior for the fifth straight buying and selling session, delivering a cumulative achieve of almost 37%, pushed by recent order wins and a pointy turnaround in earnings.

Including to investor optimism, on Could 4 the corporate knowledgeable exchanges that it, together with its subsidiary HTL Restricted, secured buy orders value round Rs 84.23 crore from a number one personal telecom operator for the availability of optical fibre cables (OFC).

Earlier, on April 30, HFCL reported a robust set of Q4FY26 numbers, swinging again into profitability. Consolidated web revenue got here in at Rs 178.50 crore, in contrast with a lack of Rs 81.44 crore within the year-ago interval. Revenue additionally surged 82% sequentially from Rs 97.62 crore reported within the earlier quarter.

Income progress was equally spectacular. Web gross sales stood at Rs 1,824.12 crore in March 2026, marking a large 127.8% leap from Rs 800.72 crore within the corresponding quarter final yr. On a sequential foundation, income climbed almost 51% from Rs 1,210.79 crore.

The inventory has emerged as one of many strongest momentum counters within the telecom gear house, rallying almost 98% over the previous one month alone. HFCL at the moment instructions a market capitalisation of round Rs 22,316 crore and in addition touched its 52-week excessive throughout Thursday’s session.

From a valuation perspective, the inventory trades at a price-to-earnings (P/E) ratio of 69.46 and a price-to-book (P/B) ratio of 4.95.
Technical indicators, nonetheless, counsel overheating after the sharp rally. The Relative Power Index (RSI-14) stands at 91, properly above the 80 mark that’s usually thought-about strongly overbought, indicating the potential of a near-term pullback or profit-booking. Regardless of this, bullish sentiment stays intact because the inventory continues to commerce above all eight key easy transferring averages (SMAs).Institutional exercise additionally displays combined sentiment. Mutual fund holdings in HFCL elevated from 6.68% to six.92% through the March 2026 quarter, whereas overseas portfolio buyers (FPIs) barely decreased their stake from 7.48% to 7.08%.

(Disclaimer: Suggestions, recommendations, views and opinions given by consultants are their very own. These don’t characterize the views of The Financial Instances.)