HFCL shares remained fixed in the upper 5% band at Rs 255.16 apiece on the NSE. The stock is up more than 267% in 2026, even as the broader Nifty 500 index fell 3%. The company’s shares jumped 7% for the week and 22% for the month.
Sterlite Tech’s returns are even more impressive as the stock has delivered a whopping 705% return in 2026. The stock, which remained in the upper 5% range at Rs 825.60 apiece on the NSE on Tuesday morning, has jumped over 29% for the month and 19% for the week.
Also read | HFCL’s order book for FY26 grew 113% to Rs 21,206 crore.
Why are HFCL shares rising?
HFCL on Saturday released its annual report for FY26, reporting sharp expansion in order book and strong financial results. The company’s order book for FY26 stood at Rs 21,206 crore, registering a sharp 113% year-on-year growth and signaling robust business momentum across key segments.
The annual report also noted strong growth in HFCL’s financial performance. The company’s revenue from operations grew nearly 22% year-on-year to Rs 4,949 crore and EBITDA grew over 63% year-on-year to Rs 827 crore. Profit after tax surged over 90% YoY to Rs 329 crore and earnings per share (EPS) rose 73% YoY to Rs 2.13, reflecting the company’s improved profitability during the year.
Shares of HFCL today touched the upper limit of 5% for the third session in a row. The company’s market capitalization is around Rs 38,695 crore.
Why are Sterlite Tech shares rising?
Last week, Sterlite Technologies outlined its long-term growth plans, including a goal to become one of the top five players in the world in optical communications solutions and achieve revenue of Rs 20,000 crore by FY29.
Also read | Sterlite Tech targets Rs 20,000 crore revenue by FY29 amid growing demand for artificial intelligence
The company identified optical TAM expansion, co-development with customers, integrated connectivity solutions and technology differentiation as key growth drivers. It also plans to expand its capacity by 1.5 times to support the next phase of growth.
The company has also approved a capital expenditure plan of Rs 3,000 crore to expand the capacity of the existing manufacturing plant. The proposed expansion will increase the existing installed production capacity by approximately 50%, with additional capacity expected to come online by the end of FY29.
Sterlite Tech shares also hit the upper limit of 5% today for the third session in a row. The company has a market capitalization of over Rs 42,428 crore.
Disclosure: “This article has been written by Debaroti Adhikari, who is not a SEBI registered research analyst or investment advisor. Debaroti Adhikari and her “relatives” (as defined in Section 2(77) of the Companies Act 2013) have no financial interest in the companies mentioned in this article as at the date of publication. The views/recommendations mentioned in this article, where applicable, are those of the respective SEBI registered analyst/broker and have been reproduced/communicated with attribution. They should not be construed as the opinions or recommendations of The EconomicTimes Digital or the journalist. Readers are encouraged to consider the original research report and make investment decisions based on their own assessment.”