HFCL shares hit 52-week high as firm bags fresh order to supply optical fibre cables

HFCL shares rallied 11% to hit a 52-week high of ₹128.49 apiece on Monday, May 4, as the firm bagged a fresh order.

The company, along with HTL Limited, a material subsidiary of the firm, has secured purchase orders worth ~₹84.23 crore for the supply of optical fibre cables from one of the private telecom operators. However, HFCL did not disclose the name of the telecom operator.

The order is expected to be completed by August 2026.

“These significant orders reaffirm the trust our customers place in the Company’s manufacturing capabilities, technological excellence and product quality,” HFCL said in a regulatory filing.

HFCL share price

At 3:07 PM, HFCL shares were trading at ₹125.34 apiece on the National Stock Exchange, surging 8.02%.

Over the past five trading sessions, shares of the company have gained 18%, while they have rallied 72% in a month. In the last six months, the stock has jumped 63%. From the beginning of the year, HFCL shares have skyrocketed 82%.

HFCL has a total market capitalisation of ₹19,201.41 crore, according to NSE data.

About HFCL

HFCL (Himachal Futuristic Communication Limited) is an India-based technology company focused on building next-generation communication and networking solutions. It specialises in the manufacturing of telecom products and optical fibre cable. HFCL also offers basic telephony and ISP services.

HFCL operates across telecom equipment, optical fibre cable, defence electronics, and turnkey EPC services. The company is known for its strong R&D capabilities and played a role in India's 5G rollout and broadband expansion.

HFCL has five manufacturing facilities in India, two each in Telangana and Tamil Nadu, and one in Goa. It caters to customers in more than 30 countries.

History of HFCL Limited

HFCL Limited was established in 1987 and began its journey as a manufacturer of telecom equipment during India’s early telecom expansion phase.

It became one of the pioneers in the new-age telecom sector in India, establishing one of India’s first private telecom companies.

In 1995, the company’s ₹85,000 crore bid for the basic service telecom licence in India. It played a crucial role in driving the growth of the country’s telecom industry.