HFCL shares rise 4% after securing Rs 84 crore optical fiber cable orders

In a regulatory filing, HFCL said that it, along with its material subsidiary HTL Limited, secured purchase orders from a leading private domestic telecom service provider for the supply of optical fiber cables. The orders will be executed under standard commercial contract conditions and are scheduled for completion by August 2026.

The company will supply optical fiber cables tailored to customer specifications, reinforcing its role in India’s telecom infrastructure supply chain.

HFCL noted that the deal reflects continued confidence from telecom customers in its manufacturing strength, technological capabilities, and product quality. The promoter and promoter group have no interest in the awarding entity, the company clarified.

The latest win adds to HFCL’s order book momentum as demand for optical fiber infrastructure continues to grow amid ongoing telecom network expansion across the country.

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HFCL is currently valued at a market capitalisation of approximately Rs 19,783.04 crore. Over the past 52 weeks, the stock has touched a high of Rs 131.00 and a low of Rs 59.82,
From a valuation standpoint, HFCL is trading at a price-to-earnings (P/E) ratio of 61.88, while its price-to-book (P/B) ratio stands at 4.41.On the technical front, the stock’s 14-day Relative Strength Index (RSI) is at 87.7, a level typically considered strongly overbought (above 80), suggesting the possibility of short-term profit booking or a pullback.

Despite this, the broader trend remains strong, with HFCL trading above all 8 key simple moving averages (SMAs), indicating a firmly bullish technical structure.

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