HFCL, known for telecom equipment, plans to invest Rs 230 crore to set up a defence manufacturing facility in Andhra Pradesh. The plant will produce multi mode hand grenades and related products, with operations targeted by December 2027. Funding will come from a mix of internal accruals, debt, and convertible warrants, marking a push into defence manufacturing.
HFCL shares kept surging for a fifth straight session, rising after upbeat Q4FY26 earnings and additional telecom orders revived investor confidence. Over the past month, the stock has nearly doubled, supported by improving profitability, faster revenue growth and momentum buying. Still, technical signals warn the rally may be getting overbought.
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HFCL shares rose about 4% after the company, along with its subsidiary HTL Limited, bagged fresh orders worth Rs 84.23 crore from a domestic telecom provider. The contract covers customized optical fiber cable supplies, with execution expected by August 2026, reinforcing HFCL’s role in building telecom infrastructure.
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