{"id":289492,"date":"2026-10-06T12:20:02","date_gmt":"2026-10-06T06:50:02","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=289492"},"modified":"2026-10-06T12:20:02","modified_gmt":"2026-10-06T06:50:02","slug":"hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/","title":{"rendered":"HFCL Share Price Hits a 5% Upper Circuit Again: A New 52-Week High of Rs 262, Up 338% From the Low, Rs 26,665 Crore Order Book, Q1 FY27 Profit, ASM Surveillance and Whether to Buy"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>HFCL 5% upper circuit near Rs 262.25-262.78, new 52-week high, up 338% from Rs 59.82 low. Order book Rs 26,665 cr. Q1 PAT Rs 245.64 cr. ASM Stage 4.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">HFCL share price hit a 5% upper circuit again on 6 October, touching a new 52-week high near Rs 262.25 to Rs 262.78, which is up 338% from the 52-week low of Rs 59.82 set in January. The telecom and optical connectivity company reported a Q1 FY27 net profit of Rs 245.64 crore against a loss of Rs 29.30 crore, revenue more than doubled to Rs 1,914.98 crore and the order book hit a record Rs 26,665 crore, nearly five times FY26 revenue. I could not find an expert&#8217;s own target and stop-loss, so the levels here are reference points such as the Rs 250.27 previous close, the Rs 237.76 lower band and the Rs 229.50 earlier high. The stock is under long-term ASM Stage 4 surveillance and trades at about 39 times annualised Q1 profit, my calculation, so momentum buyers face a sharp reversal risk.<\/p>\n<\/p><\/div>\n<p>HFCL share price jumped 5% in another HFCL upper circuit on Tuesday, 6 October, extending a rally that has taken the stock up about 338% from its January low. The stock opened at the upper band of Rs 262.78 and has been hitting circuits repeatedly even as the broader market struggled.<\/p>\n<p>If you are asking whether to buy HFCL, this article covers the rally from the Rs 59.82 low, the Q1 FY27 numbers including EBITDA and the Rs 245.64 crore profit, the HFCL order book and growth outlook with export and data centre orders, optical fibre demand and FII buying, the valuation, the ASM surveillance, reference levels for target and stop-loss, the risks and what to watch. This is not a trading recommendation.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#HFCL_Share_Price_The_Rally_in_Numbers\" title=\"HFCL Share Price: The Rally in Numbers\">HFCL Share Price: The Rally in Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#HFCL_Q1_FY27_Results_Behind_the_HFCL_Share_Price\" title=\"HFCL Q1 FY27 Results Behind the HFCL Share Price\">HFCL Q1 FY27 Results Behind the HFCL Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#HFCL_Order_Book_Capacity_and_the_Growth_Case_for_the_HFCL_Share_Price\" title=\"HFCL Order Book, Capacity and the Growth Case for the HFCL Share Price\">HFCL Order Book, Capacity and the Growth Case for the HFCL Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Valuation_of_the_HFCL_Share_Price_After_a_338_Rally\" title=\"Valuation of the HFCL Share Price After a 338% Rally\">Valuation of the HFCL Share Price After a 338% Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#HFCL_Share_Price_Target_and_Stop-Loss_Reference_Levels\" title=\"HFCL Share Price: Target and Stop-Loss Reference Levels\">HFCL Share Price: Target and Stop-Loss Reference Levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#ASM_Stage_4_Surveillance_and_the_HFCL_Share_Price\" title=\"ASM Stage 4 Surveillance and the HFCL Share Price\">ASM Stage 4 Surveillance and the HFCL Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Risks_Behind_the_HFCL_Share_Price\" title=\"Risks Behind the HFCL Share Price\">Risks Behind the HFCL Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#What_to_Watch_Next_for_the_HFCL_Share_Price\" title=\"What to Watch Next for the HFCL Share Price\">What to Watch Next for the HFCL Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Why_is_there_another_HFCL_upper_circuit\" title=\"Why is there another HFCL upper circuit?\">Why is there another HFCL upper circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#How_much_has_HFCL_risen_from_its_low\" title=\"How much has HFCL risen from its low?\">How much has HFCL risen from its low?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#What_were_HFCLs_Q1_FY27_results\" title=\"What were HFCL&#8217;s Q1 FY27 results?\">What were HFCL&#8217;s Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#What_is_the_HFCL_order_book\" title=\"What is the HFCL order book?\">What is the HFCL order book?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#What_is_the_HFCL_share_price_target_and_stop-loss\" title=\"What is the HFCL share price target and stop-loss?\">What is the HFCL share price target and stop-loss?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Is_HFCL_under_surveillance\" title=\"Is HFCL under surveillance?\">Is HFCL under surveillance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Is_HFCL_expensive\" title=\"Is HFCL expensive?\">Is HFCL expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hfcl-share-price-upper-circuit-again-up-338-percent-target-stop-loss\/#Should_I_buy_HFCL_now\" title=\"Should I buy HFCL now?\">Should I buy HFCL now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"HFCL_Share_Price_The_Rally_in_Numbers\"><\/span><strong>HFCL Share Price: The Rally in Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price level<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 262.25 to Rs 262.78<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upper circuit of 5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 250.27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Basis for the circuit band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Circuit band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 237.76 to Rs 262.78<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5% either side<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 59.82 on 27 January 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The base of the rally<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rise from the low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 338%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">262.25 against 59.82<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rise in 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 245% to 252% in earlier reports<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against a fall of about 9% in the Nifty 50<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 38,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My estimate from about 146 crore shares<\/td>\n<\/tr>\n<\/table>\n<p>The stock has hit several upper circuits in recent sessions, and one report noted a 13% fall over four sessions in early September before the rally resumed, so the path of the HFCL share price has been volatile even in a strong uptrend.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on telecom and optical fibre stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"HFCL_Q1_FY27_Results_Behind_the_HFCL_Share_Price\"><\/span><strong>HFCL Q1 FY27 Results Behind the HFCL Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comparison<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,914.98 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 119.85% from Rs 871 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 445.27 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin of 23.25% against 4.93% a year ago and 18.47% in Q4 FY26<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 245.64 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against a loss of Rs 29.30 crore; Q4 FY26 profit was Rs 184.45 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Order book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 26,665 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nearly five times FY26 revenue of Rs 4,949 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 growth aspiration<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">40% and above<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised from about 20%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Exports<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 55% of revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Several large export orders won<\/td>\n<\/tr>\n<\/table>\n<p>The turnaround is dramatic: profit swung by about Rs 275 crore in a year, and management raised its FY27 revenue growth aspiration to 40% or more. FII holding more than doubled from 7.08% to 15.74% in one quarter, which helped the HFCL share price.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the HFCL share price and telecom stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"HFCL_Order_Book_Capacity_and_the_Growth_Case_for_the_HFCL_Share_Price\"><\/span><strong>HFCL Order Book, Capacity and the Growth Case for the HFCL Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>A record order book of Rs 26,665 crore gives revenue visibility for several years.<\/li>\n<li>Export orders include one worth about Rs 522 crore through an overseas subsidiary.<\/li>\n<li>A Rs 215 crore capacity expansion adds a manufacturing unit for data centre connectivity products.<\/li>\n<li>Optical fibre, cables and connectivity demand is rising with AI data centres and telecom upgrades.<\/li>\n<li>Margins have expanded sharply, from under 5% a year ago to above 23%.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_HFCL_Share_Price_After_a_338_Rally\"><\/span><strong>Valuation of the HFCL Share Price After a 338% Rally<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Valuation view<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Basis<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to annualised Q1 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 39 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 profit of Rs 245.64 crore times four, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to FY26 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 117 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY26 profit of about Rs 329 crore, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap to order book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.4 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 38,000 crore against Rs 26,665 crore<\/td>\n<\/tr>\n<\/table>\n<p>The valuation of the HFCL share price depends on whether Q1&#8217;s profit is sustainable. On annualised Q1 earnings the stock is not extreme for a high-growth company, but on FY26 earnings it is very high, and a margin slip would hit the HFCL share price hard.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HFCL_Share_Price_Target_and_Stop-Loss_Reference_Levels\"><\/span><strong>HFCL Share Price: Target and Stop-Loss Reference Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Type<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Above Rs 262.78<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price discovery<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No overhead resistance from the chart; targets would be guesses<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 262.78<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upper circuit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Today&#8217;s band top<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 250.27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gap-up base; a close below weakens the setup<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 237.76<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lower circuit band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A drop here would erase today&#8217;s gain<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 229.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earlier 52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Breakout area that may act as support<\/td>\n<\/tr>\n<\/table>\n<p>I could not find the expert&#8217;s own target and stop-loss in my sources, so these are reference levels for the HFCL share price from the circuit band and earlier highs and not recommendations. A stop-loss near the Rs 229 to Rs 238 zone would be about 9% to 13% below the upper band, my arithmetic, which shows how wide the risk is on a momentum stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ASM_Stage_4_Surveillance_and_the_HFCL_Share_Price\"><\/span><strong>ASM Stage 4 Surveillance and the HFCL Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The HFCL share price is under the exchange&#8217;s long-term Additional Surveillance Measure framework at ASM Stage 4, which tracks stocks with unusually high price volatility and imposes higher trading margin requirements, a curb that limits speculation but also signals that the move is stretched.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_the_HFCL_Share_Price\"><\/span><strong>Risks Behind the HFCL Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Stretched rally:<\/strong> A 338% rise from the low leaves the HFCL share price vulnerable to a sharp profit-booking fall.<\/p>\n<p><strong>ASM curbs:<\/strong> ASM Stage 4 surveillance raises margin needs and can cool trading.<\/p>\n<p><strong>Earnings sustainability:<\/strong> The profit swing may not repeat if margins normalise, which would hit the HFCL share price.<\/p>\n<p><strong>Execution:<\/strong> Delivering a Rs 26,665 crore order book needs capacity, working capital and supply chains.<\/p>\n<p><strong>Circuit risk:<\/strong> A lower circuit can trap holders of the HFCL share price just as upper circuits trap sellers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_HFCL_Share_Price\"><\/span><strong>What to Watch Next for the HFCL Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Whether the stock keeps hitting circuits or fades from Rs 262.78.<\/li>\n<li>Q2 FY27 results for margins and order conversion.<\/li>\n<li>New export and data centre orders.<\/li>\n<li>Any change in the ASM stage.<\/li>\n<li>FII holding trends in the next shareholding pattern.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The HFCL share price hit a 5% upper circuit near Rs 262, a new 52-week high and up 338% from the low, supported by Q1 profit of Rs 245.64 crore, a Rs 26,665 crore order book and raised growth targets. ASM Stage 4 and a stretched rally mean reversal risk is high, and reference levels sit at Rs 250.27, Rs 237.76 and Rs 229.50 after the latest HFCL upper circuit. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_there_another_HFCL_upper_circuit\"><\/span><strong>Why is there another HFCL upper circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The HFCL share price extended a rally driven by a record Q1 profit, a Rs 26,665 crore order book and a higher growth outlook, hitting a 5% upper circuit near Rs 262.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_HFCL_risen_from_its_low\"><\/span><strong>How much has HFCL risen from its low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 338%, from the 52-week low of Rs 59.82 in January to about Rs 262.25.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_HFCLs_Q1_FY27_results\"><\/span><strong>What were HFCL&#8217;s Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue of Rs 1,914.98 crore, EBITDA of Rs 445.27 crore at a 23.25% margin and net profit of Rs 245.64 crore against a loss a year ago.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_HFCL_order_book\"><\/span><strong>What is the HFCL order book?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About Rs 26,665 crore, a record and nearly five times FY26 revenue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_HFCL_share_price_target_and_stop-loss\"><\/span><strong>What is the HFCL share price target and stop-loss?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> I could not find an expert&#8217;s own levels. Reference points are the Rs 250.27 previous close, Rs 237.76 band low and Rs 229.50 earlier high, and they are not recommendations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HFCL_under_surveillance\"><\/span><strong>Is HFCL under surveillance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, the HFCL share price is under the long-term ASM framework at ASM Stage 4, which raises margin requirements for volatile stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HFCL_expensive\"><\/span><strong>Is HFCL expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The HFCL share price is about 39 times annualised Q1 profit and about 117 times FY26 profit, my calculations, so valuation depends on sustaining the profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_HFCL_now\"><\/span><strong>Should I buy HFCL now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. The rally is stretched and risky. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is there another HFCL upper circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The HFCL share price extended a rally driven by a record Q1 profit, a Rs 26,665 crore order book and a higher growth outlook, hitting a 5% upper circuit near Rs 262.\"}},{\"@type\":\"Question\",\"name\":\"How much has HFCL risen from its low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 338%, from the 52-week low of Rs 59.82 in January to about Rs 262.25.\"}},{\"@type\":\"Question\",\"name\":\"What were HFCL's Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue of Rs 1,914.98 crore, EBITDA of Rs 445.27 crore at a 23.25% margin and net profit of Rs 245.64 crore against a loss a year ago.\"}},{\"@type\":\"Question\",\"name\":\"What is the HFCL order book?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About Rs 26,665 crore, a record and nearly five times FY26 revenue.\"}},{\"@type\":\"Question\",\"name\":\"What is the HFCL share price target and stop-loss?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"I could not find an expert's own levels. Reference points are the Rs 250.27 previous close, Rs 237.76 band low and Rs 229.50 earlier high, and they are not recommendations.\"}},{\"@type\":\"Question\",\"name\":\"Is HFCL under surveillance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, the HFCL share price is under the long-term ASM framework at ASM Stage 4, which raises margin requirements for volatile stocks.\"}},{\"@type\":\"Question\",\"name\":\"Is HFCL expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The HFCL share price is about 39 times annualised Q1 profit and about 117 times FY26 profit, my calculations, so valuation depends on sustaining the profit.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy HFCL now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. The rally is stretched and risky. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HFCL share price hit a 5% upper circuit at a new 52-week high, up 338% from the low. See the order book, Q1 profit, levels and risks.<\/p>\n","protected":false},"author":28,"featured_media":289491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[8631,8630,4581,5450,1296,4633],"class_list":["post-289492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asm-stage-4","tag-hfcl","tag-hfcl-share-price","tag-order-book","tag-telecom-stocks","tag-upper-circuit"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["289491"],"rank_math_title":["HFCL Share Price Hits 5% Upper Circuit Again: Buy? 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See the order book, Q1 profit, ASM Stage 4, levels and risks."],"rank_math_focus_keyword":["HFCL share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/hfcl-share-price-hits-a-5-upper-circuit-again-a-new-52-week-high-of-rs-262-up.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=289492"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289492\/revisions"}],"predecessor-version":[{"id":289493,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289492\/revisions\/289493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/289491"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=289492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=289492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=289492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}