HFCL Share Price Jumps 5% to Hit 52-Week High, Soars 371% From Year Low: Should You Buy? Key Levels to Watch
- October 21, 2026
- Posted by: Chaitanya Auti
- Category: News
The HFCL share price opened 5% higher at Rs 282.25 on 21 Oct 2026, a fresh 52-week high, but traded at Rs 260.00 at 12:01 PM IST, down 3.3% from Rs 268.81 (my calculation). The 371% gain in the headline compares the Rs 282.10 high with the 52-week low of Rs 59.83, and the stock is now about 335% above that low. Q2 FY27 net profit rose 448% to Rs 394.22 crore, and the order book is Rs 28,911 crore.
Quick Answer
The HFCL share price opened 5% higher at Rs 282.25 on 21 Oct 2026, a fresh 52-week high, after record Q2 FY27 results with revenue up 143.6% to Rs 2,541.79 crore and net profit up 448% to Rs 394.22 crore. The gain did not hold, and the stock traded at Rs 260.00, down 3.3% from Rs 268.81, by 12:01 PM IST, so the headline jump was the opening price and not where the stock stayed (my calculation). The order book of Rs 28,911 crore and guidance of at least 80% revenue growth in FY27 support the story, but the stock is up about 335% from its 52-week low and trades at a price to earnings of 44.4 against an industry figure of 17.6. Support near Rs 230 to Rs 255 and the 50-day average of Rs 234.91 are the levels to watch, though they are guides and not guarantees.
The HFCL share price hit the upper limit of its 5% daily price band at the open, because Rs 282.25 is exactly 5% above the previous close (my calculation). It then sold off to a low of Rs 258.25, which means buyers at the open are sitting on a loss.
This guide to the HFCL share price covers the live snapshot, the three-session move, the Q2 FY27 results, the order book and guidance, valuation, key levels and risks. It is educational and not a recommendation to buy or sell any share.
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HFCL Share Price Today: Live Snapshot
| Item | Reading on 21 Oct 2026 (12:01 PM IST) |
|---|---|
| Previous close of the HFCL share price | Rs 268.81 |
| Open and day high of the HFCL share price | Rs 282.25 |
| Day low of the HFCL share price | Rs 258.25 |
| Last traded HFCL share price | Rs 260.00, down 3.3% (NSE) |
| Volume in the HFCL share price | About 1.2 crore shares |
| Daily price band | Rs 255.37 to Rs 282.25, which is 5% either side of the previous close |
| 52-week low | Rs 59.82, so the price is about 335% above it (my calculation) |
| 50-day average for the HFCL share price | Rs 234.91, so the price is about 11% above it (my calculation) |
| 14-day RSI | 66.6 |
| Market capitalisation | About Rs 41,127 crore |
The headline gain of 371% compares the Rs 282.10 high on BSE with the 52-week low of Rs 59.83 (my calculation). At Rs 260.00 the HFCL share price is about 335% above that low, and about 8% below the day high. The RSI of 66.6 is high but below the 70 level usually read as overbought.
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How the HFCL Share Price Moved Over Three Sessions
| Date | Close | Comment |
|---|---|---|
| 7 Oct | Rs 271.90 | Earlier peak, with an intraday high of Rs 275.91 |
| 15 Oct | Rs 243.82 | Low close of the recent fall |
| 16 Oct | Rs 256.01 | Up 5.0% (my calculation), intraday low Rs 238.00 |
| 19 Oct | Rs 268.81 | Up 5.0% (my calculation), results published, volume about 1.5 crore |
| 21 Oct | Rs 260.00 at 12:01 PM IST | Opened at Rs 282.25, then fell to Rs 258.25 |
The HFCL share price gained 5% on 16 Oct and again on 19 Oct, each time at the daily limit, so the stock rose about 10% in two sessions before the open on 21 Oct (my calculation). The reversal on 21 Oct is the first break in that run. One source says promoters have pledged 57.86% of their shares, which I could not confirm, so check the exchange shareholding data.
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Q2 FY27 Results Behind the HFCL Share Price
| Metric | Q2 FY27 | Change |
|---|---|---|
| Revenue | Rs 2,541.79 crore | Up 143.6% from Rs 1,043.34 crore, and up 32.7% on Q1 |
| EBITDA | Rs 658 crore | Up 223.6% |
| EBITDA margin | 25.89% | Up 640 basis points year on year |
| Net profit | Rs 394.22 crore | Up 448% from Rs 71.92 crore, and up 60.5% on Q1 |
| Net profit margin | 15.51% | Up from about 6.9% a year earlier (my calculation) |
| First-half revenue | Rs 4,456.77 crore | Up 132.8% |
| First-half net profit | Rs 639.86 crore | Up about 15 times |
Q1 revenue works out to about Rs 1,915 crore and Q1 profit to about Rs 246 crore (my calculation), so Q2 is a step up on both. Borrowings were Rs 1,840.13 crore against cash of Rs 594.76 crore at the end of the half year. Several of these figures come from a report that says it was written with AI support and then edited, so verify them in the company’s filing.
Order Book and Guidance for the HFCL Share Price
| Item | Detail |
|---|---|
| Order book | Rs 28,911 crore, up from Rs 26,665 crore in the previous quarter |
| Split | Networks Rs 19,751 crore, products Rs 5,070 crore, operations and maintenance Rs 4,090 crore |
| Optical fiber cable and data center interconnect | About 64% of the book, with about 70% of it from hyperscalers |
| Export orders | About 57% of the book |
| Defence order book | About Rs 1,850 crore |
| FY27 revenue growth guidance | At least 80%, raised from 20% and then 40% |
| EBITDA margin target | Above 27% by FY29, from about 16.7% in FY26 |
| Planned capex | About Rs 1,800 crore for optical fiber, cable and preform |
At the Q2 run rate of about Rs 10,170 crore a year (my calculation), the order book is about 2.8 years of revenue. Management says the book gives visibility for six to seven years, which assumes that revenue keeps growing and that long contracts such as maintenance are counted. Because about 70% of the large cable and interconnect book comes from hyperscalers, the HFCL share price depends on a few big customers, which is my reading.
Valuation of the HFCL Share Price
| Measure | Value |
|---|---|
| Price to earnings | 44.41 against an industry figure of 17.59 |
| Trailing earnings per share | Rs 6.05 |
| Price to book | 7.28, with a book value of Rs 36.91 |
| Return on equity | 15.36% |
| Debt to equity | 0.33 |
| Dividend yield | 0.07% |
At 44.4 times earnings the HFCL share price trades at about 2.5 times the industry multiple (my calculation). Trailing earnings still include older, weaker quarters, so the multiple on forward profit may be lower if the Q2 run rate holds, but that needs the order book to convert into revenue on time.
Key Levels for the HFCL Share Price
| Level | What it is |
|---|---|
| Rs 282.25 | Opening price, day high and new 52-week high |
| Rs 268.81 | Previous close, set at the upper band on 19 Oct |
| Rs 258.25 | Day low on 21 Oct |
| Rs 256.01 | Close on 16 Oct |
| Rs 255 | Top of the support zone named in the headline summary |
| Rs 243.82 | Close on 15 Oct |
| Rs 238.00 | Low on 16 Oct |
| Rs 234.91 | 50-day average |
| Rs 230 | Bottom of the support zone named in the headline summary |
I could not find the analyst who named the Rs 230 to Rs 255 support zone, so treat it as a headline summary. The other levels are from daily price data. A close below Rs 256 would give back the 16 Oct gain, and a drop under the 50-day average would break the uptrend that began in October. Any stop-loss should come from your own loss limit and not from a headline.
Risk: A steep rally can bring volatility, and the HFCL share price has already shown a reversal from the upper band. A premium valuation, concentration in a few customers, a possible pledge of promoter shares and delays in converting the order book are the main risks.
What to Watch Next for the HFCL Share Price
- Whether the HFCL share price holds above Rs 256 or slips toward the Rs 230 to Rs 255 zone
- Order inflows and execution against the guidance of at least 80% revenue growth
- Progress on the defence and aerospace acquisition expected to close this quarter
- Exchange data on promoter pledged shares
- Volume on up days compared with down days
Conclusion
The HFCL share price opened at a 52-week high after record Q2 FY27 results but gave back the gain within hours and now trades about 3.3% below the previous close. The order book and guidance support the business, yet a multiple of 44 leaves little room for error, so check the filings and your own limits.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did the HFCL share price jump today?
Ans. The HFCL share price opened 5% higher at Rs 282.25 on 21 Oct 2026, a fresh 52-week high, after record Q2 FY27 results with net profit up 448%. The gain faded, and the stock traded at Rs 260.00 by 12:01 PM IST.
What does the 371% rise from the year low mean?
Ans. It compares the 52-week high of Rs 282.10 with the 52-week low of Rs 59.83. At Rs 260.00 the HFCL share price is about 335% above that low (my calculation).
What were HFCL’s Q2 FY27 results?
Ans. Revenue rose 143.6% to Rs 2,541.79 crore, EBITDA rose 223.6% to Rs 658 crore with a margin of 25.89%, and net profit rose 448% to Rs 394.22 crore. The order book was Rs 28,911 crore.
What is the order book and guidance of HFCL?
Ans. The order book is Rs 28,911 crore, with about 64% from optical fiber cable and data center interconnect and about 57% from exports. Management guides for at least 80% revenue growth in FY27 and an EBITDA margin above 27% by FY29.
What are the key levels for the HFCL share price?
Ans. The day high and new 52-week high is Rs 282.25, the previous close is Rs 268.81 and the day low is Rs 258.25. A headline summary names support at Rs 230 to Rs 255, and the 50-day average is Rs 234.91.
Should I buy the HFCL share price after the 52-week high?
Ans. This article cannot say, because it depends on your time horizon and risk limit. The results and order book are strong, but the price to earnings of 44.4 and the reversal from the upper band are reasons for care.
What are the risks to the HFCL share price?
Ans. A premium valuation, dependence on a few large customers, order conversion delays and a reported high level of pledged promoter shares are the main risks. Steep rallies can also reverse quickly, as the 21 Oct session showed.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.