HFCL Ltd
HFCL | 500183
₹207.98
+4.31 (2.12%)
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Historical price movement and trading activity
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Overview
HFCL Limited is a leading technology enterprise with operations in high end Telecom and Defence Equipment, Optical Fiber and Optical Fiber Cables and also creating digital networks for telcos, enterprises and governments. HFCL's state-of-the-art manufacturing facilities located in Hyderabad, Goa, Manesar, Hosur, and Solan are central to its ability to serve the diverse clientele. These units specialize in the production of optical fiber cables, optical fiber, telecom networking products, and defence-grade equipment. HFCL Limited initially incorporated as a Limited Company on May 11, 1987 as 'Himachal Futuristic Communications Limited' and later on was changed to 'HFCL Limited' on May 15, 2019. Thereafter, Company started with manufacturing transmission Equipment and soon expanded their product portfolio to manufacture Access Equipment, Optical Fibre Cable, Accessories and Terminal Equipment. Promoted by Mahendra Nahata, the Company entered into a technical collaboration agreement with Seiscor Technologies Inc, USA, for the manufacture of 1+1 and 1+7 Analog Subscriber Carrier Systems and signed a Memorandum of Undertaking with Philips Kommunikation Industries AG of Germany for the manufacture of the Digital Subscriber Carrier System. In the year 1991, the company promoted two new companies namely, Himachal Telematics Ltd, at Solan for the manufacture of digital microwave radio transmission equipments and fax machines and Microwave Communication Ltd, for establishing radio paging network in certain important cities of the country. During the year 1993-94, the company acquired existing investment companies know as Kaldev Trader & Investment Ltd, which was changed to HFCL-Trade-Invest Ltd and Coubndge Construction (Delhi) Ltd. Also, they entered into agreements with telecom giants namely, Kong Song Communication & Electronics Co Ltd, Korea to manufacture radio pagers and satellite video receivers, Dalcons Corporation of Korea for managing credit card information services and Wireless Telecom Ltd of USA to implement V-sat services. During the year 1995-96, Himachal Telematics Ltd was merged with the company. In the year 1997, the company bagged a contract to set up an information super highway for the basic telephone project of Essar Commvision Ltd in Punjab circle. During the year 1996-97, the company's Optical Fibre Cable Plant in Goa commenced their commercial production. In the year 1998, the company entered the information technology business by offering software solutions to the telecom industry. During the year 1998-99, the company has received Purchase Orders worth Rs 22 crore for the supply of STM-1 Optical Line Terminal Equipment and advance Purchase Order of another Rs 100 crore for STM-16 Systems. In the year 1999, the company forayed into software exports and developed a state-of-the-art facility at Delhi for that purpose. They bagged a contract from Reliance WorldTel for setting up Internet backbone in Tamil Nadu. During the year 1999-2000, the company entered a strategic tie-up with the Kerry Packer Group of Australia and formed two joint ventures namely, Consolidated Futuristic Solutions Ltd and Excel Netcommerce Ltd in the field of Software and B2B E-commerce respectively. HFCL Infotel Ltd and Consolidated Futuristic Solutions Ltd became the subsidiaries of the company during the year 2000-01. During the year 2001-02, the company acquired 74% of equity of HTL Ltd, a public sector undertaking, which is the largest switching equipment maker in the country for Rs 55 crore. HTL Ltd became the subsidiary of the company with effect from October 16, 2001. Also, the company divested part of their shareholdings in Consolidated Futuristic Solutions Ltd, consequently Consolidated Futuristic Solutions Ltd ceased to be subsidiary of the company with effect from December 6, 2001. During the year 2002-03, the wholly owned subsidiary company, namely HFCL Trade-Invest Ltd merged with the company with effect from March 31, 2003. HFCL Infotel Ltd merged with the Investment Trust of India Ltd, a Chennai based company and was renamed as HFCL Infotel Ltd with effect from September 1, 2002. Also, Rajam Finance and Investments (India) Ltd, which was renamed, as The Investment Trust of India Ltd became the subsidiary of the company by virtue of their subsidiary relationship with HFCL Infotel Ltd. The Investment Trust of India Ltd ceased to be the subsidiary of the Company with effect from September 30, 2003. During the year 2003-04, the cable division of the company entered into Cable TV market and they emerged as a dominant player in that segment. Also, they received the order valuing of about Rs 220 from MTNL. During the year 2004-05, the company completed the biggest ever order of 200 K Lines of WLL CorDect and 60% of CDMA Infrastructure order of MTNL. Moneta Finance (P) Ltd has become the wholly owned subsidiary of the company with effect from July 11, 2006. During the year ended 31 March 2014, HFCL successfully bid and won certain contracts to supply its products as well as services. HFCL voluntarily sought the delisting of its GDRs from London Stock Exchange and Luxembourg Stock Exchange. The GDRs listing have been cancelled from London Stock Exchange and Luxembourg Stock Exchange w.e.f. 21 March 2014 and 23 December 2013 respectively consequent upon resignation by the Depository i.e. Bank of New York (BNY Mellon). HFCL has not appointed any Successor Depository and has terminated the Deposit Agreement due to lack of liquidity with virtually no trading taking place and investors' decreasing interest in depositary receipts. During the year ended 31 March 2015, HFCL accelerated its performance in both of its manufacturing and turnkey business segments. In manufacturing of OFC, the company achieved record revenue and profits coupled with full capacity utilisation of the facility in Goa. Exports of OFC was another breakthrough during FY 2015. Equipment manufacturing saw production of GSM products. In turnkey projects execution, HFCL has successfully completed high capacity optical transport network for Railtel by deploying 80 channel DWDM system at over 60 sites, along two connecting routes between Delhi - Mumbai. The project is under annual maintenance contract and based on excellent execution, the customer has gone ahead with 75% expansion order on the company. Another success was the winning of a turnkey contract for laying OFC network in one of the largest states of the country from BSNL. Further, the company was awarded large project for setting up of GSM network at extremely remote standalone sites and connecting each site to the national network.M/s HFCL Advance Systems Private Limited became the wholly owned subsidiary of the company w.e.f. 23rd February, 2015. HFCL achieved its highest ever revenue of Rs 2570 crore in financial year ended 31 March 2016. It performed well on all the business verticals. The company has also established itself as a global supplier of OFC products with exports to over 25 countries in FY 2016 (16 countries in FY 2015). HFCL achieved highest ever export revenue of Rs 75.27 Crore in FY 2016 (Rs 34.88 Crore in FY 2015) despite tough market competition from local as well as foreign competitors. In telecom equipment manufacturing, HFCL in FY 2016 started manufacturing low capacity GSM system for rural deployment which has large business potential in India for next 2-3 years. The company during FY 2015 and FY 2016 participated in four large tenders aggregating to approx. Rs 5,000 Crore floated by BSNL for setting up of countrywide Defence Telecom network. The company has already received an advance order of Rs 1,245 Crore in one tender and the techno-commercial evaluation of one more tender valued at approx. Rs 2,500 Crore has been completed. The company has stood as lowest bidder in that tender also. HFCL's debts were earlier restructured under Corporate Debt Restructuring (CDR) mechanism and as stipulated therein, the lenders had the right to claim recompense from the company at the time of its exit from CDR on account of various sacrifices & waivers made by them in the CDR Package. With the improved financial performance, the company submitted its proposal for exit from CDR mechanism to Monitoring Institution (MI) i.e. IDBI Bank Limited. The MI has recommended recompense amount of Rs 148.47 Crore on term and working capital loans. The same has been approved by CDR - Empowered Group vide their order dated 22 March 2016 subject to the approval from company's lenders. Subsequent to CDR-EG's approval, the recompense amount has been approved by some of the lenders and approval from remaining lenders is expected soon. Accordingly, the Board of Directors of HFCL at their meeting held on 10 May 2016 approved the recompense amount of Rs 148.47 Crore to exit from CDR mechanism. HFCL acquired 1,60,000 equity shares of Polixel Security Systems Private Limited (Polixel), thereby the total equity holding of the company reached upto 94% and Polixel became the subsidiary of the company w.e.f 9 August 2016. The company further acquired additional 10,856 equity shares of the Polixel, thereby the total equity holding of the company in Polixel has reached to 100% and accordingly Polixel has become the wholly owned subsidiary of the company w.e.f. 31 March 2017. During the year ended 31 March 2017, HFCL's Goa plant underwent a wholesome modernisation. The annual capacity also was raised from 5 MFkm to 7.2 MFkm, adding some new cable variants in the process. The year also marked the first full year of operations for the recently commissioned Chennai facility of HTL, a subsidiary company. Consequently, the capacity of Spiral Wire Armoured cable was doubled and the annual capacity for traditional Armoured Cables was raised from 3 MFkm to 4.5 MFkm. Moving up the value chain, the company also added FTTH cable in its Chennai facility during the year. In Turnkey business, HFCL accomplished a challenging feat of developing and commissioning a GSM network in Left Wing Extremist (LWE) region. The mammoth exercise involved the deployment of more than 500 sites across 6 states. The company also won a Wifi network turnkey project worth Rs.200 crore from BSNL for roll out of Wifi services across 16 states in the Northern and Eastern India. In order to increase its network's backhaul capacity, BSNL Mobile Network floated two separate tenders for microwave backhaul radios. HFCL bagged both these tenders involving supply, commissioning and maintenance of about 10,000 radios to be deployed across India. The order value is Rs.180 crore.The company made significant progress in new business verticals of Railways, Smart Cities and Defence during the year. In Railways business vertical, the company bagged certain orders for a variety of railway signalling linked applications during the year. The company signed two contracts totalling Rs.113 crore to execute Trenching & Laying of Signalling Cables and also for Design, Manufacture, Supply, Installation, Testing, Commissioning and incidental services of telecommunication System for the Bhaupur-Khurja section of the Eastern Dedicated Freight Corridor covering route length of 343 km as a sub-contractor to Alstom Systems India Pvt. Ltd. In another success, the company signed a contract worth Rs.95 crore with Larsen & Toubro Limited for Design, Manufacture, Supply, FAT, Installation, Testing & Commissioning, Training and DLP at site of the Telecommunication System comprising of various sub-systems viz. OFC, SDH, Data Networking, Dispatch Telephone, EPABX, Master Clock System and Power Supply for STP-17 of the Western Dedicated Freight Corridor Phase 2. In Smart Cities business vertical, HFCL bagged two projects in FY 2017 one for Ludhiana Smart Surveillance & Intelligent Traffic Management Systems and the other for Jaipur regarding Provisioning & Integration of Wi Fi Hotspots, Interactive Information Kiosks, Surveillance Cameras, Environmental Sensors, Structural Sensors, Smart Lighting Solutions and Remote Kiosks along with the Facility Management Services. In Defence Business vertical, HFCL signed an MOU with a French MNC, as its Technology Partner, for Portable Opto Electronics during the year for manufacturing wide range of Portable Night Vision Devices. During the year, the company submitted RFIs for Weapon Night Sights for various weapons, Electronic Fuses for Artillery Ammunition, Manufacture of Mini UAVs. During the year ended 31 March 2018, HFCL issued and allotted 4,50,00,000 Warrants convertible into equity shares on preferential basis at a price of Rs16/- per warrant to Promoters/Promoter Group of the companies and Non Promoter persons/entity. The Warrant holders have already paid 25% of the issue price and balance 75% of the issue price shall be paid at the time of exercising of Warrants. The Warrants shall be exercised within a period of 18 months from the date of their allotment i.e. 30th October, 2017 in one or more tranches. During FY 2018, HFCL's Goa plant developed new compact designs for micro optical fibre cables with lesser diameters and new dry-dry optical fibre cables. These new variants are extremely popular in FTTx networks. Many product certifications were received including CPR (Construction Products Regulations) for different product variants. The CPR Certification demands stringent product performance in the event of fire and is mandatory now for supplies to European countries. The Chennai plant of HFCL's subsidiary, HTL Limited got several product & process approvals including TL-9000 certification. HTL Limited also implemented SAP ERP system in order to have better monitoring & control on manufacturing activities. New machines were added for manufacturing of Steel Wire Armored Cables which is popular in many European countries. Also, various alterations and renovations were carried out in the overall infrastructure to enhance efficiency and productivity of HTL Limited's manufacturing plant at Chennai. Consistent efforts to have better control on value chain culminated in addition of FRP and GFR manufacturing facilities at the Chennai premises of HTL Limited.In FY2018, HFCL secured a 3-year contract from Nokia for supply of optical fibre cables for Digital Poland Project funded by EU. During the year under review, against the Advance Purchase Order worth Rs1,245 crore approx (including AMC of Rs298 crore), the company has received a Purchase Order worth Rs 935 crore approx from BSNL for DWDM equipment to be installed on pan India basis for the Defence Forces under Network for Spectrum Program (NFS). In Smart Cities business vertical, HFCL has received Letter of Intent from RajComp Info Services Ltd (RISL) for supply, Installation and Commissioning of edge networking equipment under surveillance and Incident response project in the state of Rajasthan. During the year 2019, the Company redeemed entire 60,37,500, CRPS of Rs 100/- each, amounting to Rs 60.38 crores. The Company had 1,00,00,000 Warrants outstanding as on 31st March, 2019, which have also been converted into equal nos. of 1,00,00,000 equity shares and the Paid-up Equity Share Capital of the Company stands at Rs 128.44 Crores comprising of 1,28,43,77,194 equity shares of face value of Rs 1/- each. The Company acquired controlling stake of 90% in Raddef Private Limited, thereby making it a subsidiary of the Company, w.e.f. 15th May 2019. In FY 2019, the Company has given Corporate Guarantees to Corning Finolex Optical Private Ltd. on behalf of HTL Ltd., a Subsidiary of the Company for the supply of material; Punjab National Bank on behalf of Exicom Tele - System Ltd., for Working Capital. Further, Owens Corning India Private Ltd. on behalf of HTL Ltd., a Subsidiary of the Company for the supply of material and Yes Bank Ltd on behalf of HTL Ltd., a Subsidiary of the Company for various credit facilities sanctioned to HTL Ltd. During the year 2019, production capacity in Chennai Plant in subsidiary was increased from 3.5m fkm to 7m fkm, thus making overall capacity of 15m fkm. During the current fiscal year, the Chennai Plant's capacity has reached to 10.5m fkm, which has taken its consolidated OFC capacity to 18.5m fkm. With an intension to offer more value to own telecom turnkey vertical and other customers by offering all passive products, Chennai Plant started its OFC Accessories Division and received various product approvals from Government and non- Government Customers. The subsidiary company has received orders to the tune of Rs 90.82 crore for such new products. In FY 2018-19, the Company started a Greenfield project for manufacturing of Optical Fiber with 6.4m fkm capacity in Hyderabad. Besides, it developed, marketed and sold its products to more than 50 countries worldwide. During the year 2019-20, the Company had mutually terminated the Joint Venture Agreement which was entered with DragonWave Inc. (now known as DragonWave-X Canada Inc.) and the Company on October 18, 2010 and acquired the balance stake of 50.10% equity shares held in DHIPL, from DragonWave Pte. Ltd., Singapore thereby making DHIPL, a wholly-owned subsidiary of the Company, effective from December 17, 2019. It launched its first in-house designed Wi-Fi and Unlicensed Band Radio product range, which saw great success in its debut year of commercial shipments. During the year 2020, Company acquired a majority stake in Raddef Private Limited, making it an HFCL subsidiary. It executed two separate share purchase agreements, with Nivetti Systems Private Limited and another with BigCat Wireless Private Limited. It undertook various line balancing and debottlenecking measures at its Goa plant and Chennai facilities. The unit at Goa upgraded its ribbon OFC manufacturing infrastructure to over 2000 Fiber count cables during the year. The Goa Plant also received ISO 22001 for the Information Technology Service Management system and an ISO 27001 for Information Security Management systems. In its Chennai plant of HTL Limited, a subsidiary company, HFCL expanded its capacity from 7m FKM to 10.5m FKM. It achieved a further reduction in cable diameters by using special raw materials and innovative processes in OFC manufacturing. It started commercial production of manufacturing optical fiber unit at Hyderabad from 23rd of January, 2020. It commissioned the turnkey solution project for Bharat Broadband Network under BharatNet Phase-II in Punjab. It launched next-gen WiFi Technology product and established an R&D Centre for specialized radio frequency (RF) and Microwave Systems, Surveillance Radar, Sensor Systems, Antenna etc. in Bangalore. It executed the carried forward orders of Eastern and Western Dedicated Freight Corridors, which are expected to become operational by the year 2022. As on 31st March, 2020, Company had 6 subsidiaries. It launched its first in-house designed, developed and manufactured Wi-Fi and Unlicensed Band Radio product range in 2019. As of March 31, 2021, 157 5G commercial networks in 62 markets have been launched globally. On January 15, 2021, India and Japan signed an MoU to enhance cooperation in the field of Information and Communications Technologies. During the year 2020-21, the Company commenced production of optical fiber cables for Fiber-to-the-Home (FTTH) applications from its Hyderabad Facility. A new product line of highly flexible micro module cables was also developed for cables up to 576F counts. It completed international certifications and technical trials with a number of customers for new and more advanced Wi-Fi 6 Indoor and Outdoor products. It set up a model PM-Wani Village in Baslambi (Haryana), to offer high speed broadband connectivity to the unconnected. As on March 31, 2021, the Company had six subsidiaries. In FY21, the Company shipped over 150K units of Wi-Fi and UBR products to select large customers in India. During the year 2022, the Company completed the laying of optical fibre cable in Jharkhand under BharatNet Project, where a total of 7,765 kilometers of cable network has been laid down to connect 1,789 gram panchayats through the GPON network. It started shipping new generation Wi-Fi 6 products. It increased customer based in India and also started shipping to Africa. It started shipping PoE and non-PoE L2 switches to customers. It launched more variants in UBR product line to cater to a larger customer segment. It brought out a full end-to-end connectivity solution for rural markets. Product line was expanded to 18 product models under Wi-Fi and 6 models under UBR category. It formed strategic partnerships to drive product development, integrating capacities and accelerating growth from industrial collaborations. In 2023, the Company launched 5G Lab-as-a-service, unlicensed band radios, switches and the world's first open-source WiFi 7 access point to offer an automated test environment to the private sector, government and academia to work on 5G solutions and services. It established 3 R&D centres in Bengaluru, Gurugram and Hyderabad; commissioned a facility for the manufacture of wire harnesses (automotive and aerospace) and polymer compounds at HTL Limited, a subsidiary. Further, it expanded the optical fiber cable capacities from 18.5 million fkm to 25.08 million fkm. It commissioned optical fiber Phase-II capacity. In 2024, Company set up a new manufacturing facility to manufacture telecom and networking products. It developed ultra-thin micro cables and pioneering high-density ultra-light aerial cables. Further, it developed newer types of optical fiber cables for overseas markets, required for data centers, 5G & 6G networks, etc. HFCL introduced a suite of new high-performance cable solutions at ISE EXPO 2024 in Dallas, Texas, USA., it introduced a product line of high-density single-jacket single-armor Intermittently Bonded Ribbon (IBR) cables with 144-1728 fibers. It progressed in wireless technology by designing new generation Point to Point Unlicensed Band Backhaul Radios. It launched radios that can transmit data much faster, reaching speed of up to 2 Gbps. In FY 2025, Company has started supplying optical fiber cables and networking equipment to emerging data centre clients, particularly in support of India's expanding digital infrastructure. It commissioned two new manufacturing facilities: one in Manesar (NCR) for telecom and networking products and another in Hosur for defence production. In telecom, HFCL became the first Indian company to develop and commercialise 5G Fixed Wireless Access Customer Premises Equipment (FWA CPE), shipping over four lakh units in its launch year. It also developed MPLS Routers for broadband, and enterprise networks in 2025.
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Telecom Equipment & Infra Services - Cables - Telephone
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HFCL secures Rs 522.73 crore export orders for optical fiber cables to international customers
2 Aug 2026
HFCL has secured export orders totaling approximately USD 54.81 million (equivalent to Rs 522.73 crore) for the supply of optical fiber cables to international customers, the company announced on August 2, 2026. The orders, awarded to HFCL in the normal course of business, are to be executed by January 2027 and reaffirm customer confidence in the company's manufacturing capabilities and product quality, with no related party interest involved.
HFCL secures Rs 441.53 crore export order for optical fiber cables through its subsidiary
30 Jul 2026
HFCL has secured an export order valued at approximately Rs 441.53 crore (equivalent to USD 46.13 million) for the supply of optical fiber cables through its overseas wholly-owned subsidiary, according to a filing with the BSE and NSE on July 30, 2026. The order, awarded by an international customer and to be executed by January 2027, reaffirms confidence in the company's manufacturing capabilities and product quality, and does not involve any related party transactions.
HFCL Ltd Falls 3.4%, BSE Telecommunication index Drops 1.59%
24 Jul 2026
HFCL Ltd has lost 2.49% over last one month compared to 3.78% fall in BSE Telecommunication index and 1.67% drop in the SENSEX
HFCL Ltd lost 3.4% today to trade at Rs 200. The BSE Telecommunication index is down 1.59% to quote at 3517.24. The index is down 3.78 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 3.25% and Tata Communications Ltd lost 1.8% on the day. The BSE Telecommunication index went up 16.62 % over last one year compared to the 7.88% fall in benchmark SENSEX. HFCL Ltd has lost 2.49% over last one month compared to 3.78% fall in BSE Telecommunication index and 1.67% drop in the SENSEX. On the BSE, 1.18 lakh shares were traded in the counter so far compared with average daily volumes of 16.31 lakh shares in the past one month. The stock hit a record high of Rs 229.4 on 16 Jul 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL Ltd Falls 3.23%
17 Jul 2026
HFCL Ltd has added 14.27% over last one month compared to 0.31% fall in BSE Telecommunication index and 0.28% rise in the SENSEX
HFCL Ltd lost 3.23% today to trade at Rs 217.35. The BSE Telecommunication index is down 0.7% to quote at 3632.37. The index is down 0.31 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 2.7% and Bharti Hexacom Ltd lost 1.58% on the day. The BSE Telecommunication index went up 19.23 % over last one year compared to the 5.94% fall in benchmark SENSEX. HFCL Ltd has added 14.27% over last one month compared to 0.31% fall in BSE Telecommunication index and 0.28% rise in the SENSEX. On the BSE, 1.17 lakh shares were traded in the counter so far compared with average daily volumes of 19.01 lakh shares in the past one month. The stock hit a record high of Rs 229.4 on 16 Jul 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL gains on securing Rs 496-cr International order
10 Jul 2026
HFCL rose 1.01% to Rs 217.30 after it has secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data centre connectivity solutions.
The contract has been awarded by an international customer and involves the supply of optical fiber cable-based connectivity solutions tailored to the customer's specifications. The order is scheduled to be executed by December 2026. The company said the contract has been awarded under general contract conditions and does not involve any related-party transaction. HFCL also clarified that neither its promoters nor promoter group companies have any interest in the entity awarding the contract. The latest order strengthens HFCL's international order book and underscores its growing presence in the global optical networking and data centre infrastructure market. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. Powered by Capital Market - Live News
HFCL Ltd Falls 3.88%
29 Jun 2026
HFCL Ltd has added 15.16% over last one month compared to 1.5% gain in BSE Telecommunication index and 3.05% rise in the SENSEX
HFCL Ltd lost 3.88% today to trade at Rs 207. The BSE Telecommunication index is down 0.67% to quote at 3615.08. The index is up 1.5 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 2.08% and Bharti Hexacom Ltd lost 1.45% on the day. The BSE Telecommunication index went up 14.61 % over last one year compared to the 8.33% fall in benchmark SENSEX. HFCL Ltd has added 15.16% over last one month compared to 1.5% gain in BSE Telecommunication index and 3.05% rise in the SENSEX. On the BSE, 2.4 lakh shares were traded in the counter so far compared with average daily volumes of 26.45 lakh shares in the past one month. The stock hit a record high of Rs 220.1 on 22 Jun 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL Ltd Spikes 3.85%
25 Jun 2026
HFCL Ltd has added 31.64% over last one month compared to 1.82% fall in BSE Teck index and 1.82% rise in the SENSEX
HFCL Ltd rose 3.85% today to trade at Rs 213. The BSE Teck index is up 0.97% to quote at 14670.83. The index is down 1.82 % over last one month. Among the other constituents of the index, Mphasis Ltd increased 1.49% and Coforge Ltd added 1.16% on the day. The BSE Teck index went down 21.4 % over last one year compared to the 6.48% fall in benchmark SENSEX. HFCL Ltd has added 31.64% over last one month compared to 1.82% fall in BSE Teck index and 1.82% rise in the SENSEX. On the BSE, 1.22 lakh shares were traded in the counter so far compared with average daily volumes of 26.12 lakh shares in the past one month. The stock hit a record high of Rs 220.1 on 22 Jun 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL Ltd Surges 4.1%
22 Jun 2026
HFCL Ltd has added 47.37% over last one month compared to 10.15% gain in BSE Telecommunication index and 2.31% rise in the SENSEX
HFCL Ltd gained 4.1% today to trade at Rs 218.25. The BSE Telecommunication index is up 0.94% to quote at 3778.4. The index is up 10.15 % over last one month. Among the other constituents of the index, Railtel Corporation of India Ltd increased 2.36% and Pace Digitek Ltd added 2.03% on the day. The BSE Telecommunication index went up 24.32 % over last one year compared to the 6.37% fall in benchmark SENSEX. HFCL Ltd has added 47.37% over last one month compared to 10.15% gain in BSE Telecommunication index and 2.31% rise in the SENSEX. On the BSE, 3.36 lakh shares were traded in the counter so far compared with average daily volumes of 27.19 lakh shares in the past one month. The stock hit a record high of Rs 220.1 on 22 Jun 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL Ltd Spikes 4.98%
19 Jun 2026
HFCL Ltd has added 50.5% over last one month compared to 10.31% gain in BSE Telecommunication index and 1.82% rise in the SENSEX
HFCL Ltd rose 4.98% today to trade at Rs 209.65. The BSE Telecommunication index is up 0.95% to quote at 3719.46. The index is up 10.31 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd increased 4.14% and Vodafone Idea Ltd added 0.67% on the day. The BSE Telecommunication index went up 25.73 % over last one year compared to the 5.74% fall in benchmark SENSEX. HFCL Ltd has added 50.5% over last one month compared to 10.31% gain in BSE Telecommunication index and 1.82% rise in the SENSEX. On the BSE, 4.44 lakh shares were traded in the counter so far compared with average daily volumes of 26 lakh shares in the past one month. The stock hit a record high of Rs 209.65 on 19 Jun 2026. The stock hit a 52-week low of Rs 59.83 on 23 Jan 2026. Powered by Capital Market - Live News
HFCL rises after bagging Rs 2,666-cr BharatNet Phase-III contract from RVNL
18 Jun 2026
HFCL rose 3.29% to Rs 196.45 after the company announced that it has secured a contract worth approximately Rs 2,666.09 crore from Rail Vikas Nigam (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle.
The scope of work includes the supply, installation and commissioning of telecom equipment and related accessories; creation of an optical fiber cable telecom network; and maintenance of the project for 10 years, including a one-year warranty period. The contract is to be executed over a period of two years for implementation, followed by 10 years of operation and maintenance (O&M), including the warranty period. The company said the order is in addition to the Rs 2,167.65 crore contract awarded by RVNL in January 2025 for BharatNet Phase III projects in the Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles. RVNL is a domestic entity, and the contract does not involve any related-party transaction. The promoter, promoter group and group companies of HFCL do not have any interest in the awarding entity. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The company's standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. Powered by Capital Market - Live News
HFCL spurts after bagging Rs 135 crore defence network AMC order from RailTel
27 May 2026
HFCL jumped 8% to Rs 174.75 after the company announced that it had received a purchase order worth Rs 135.09 crore from RailTel Corporation of India, a Government of India undertaking under the Ministry of Railways.
The order pertains to the Annual Maintenance Contract (AMC) for the 'Implementation of secure operations (OPS) network project for data centres of Indian defence forces. According to the company, the AMC will be executed over a five-year period ending in January 2031. HFCL also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority and that the contract does not constitute a related-party transaction. HFCL stated that it had previously executed the implementation of the Secure OPS Network project for Indian defence forces under a contract awarded by RailTel. As part of the project, the company successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres across defence establishments nationwide. The original project involved the establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security systems. The company said the project was executed in line with prescribed contractual, technical, and security requirements. Following the completion of the warranty period, RailTel has now awarded HFCL the AMC contract to provide end-to-end maintenance support services aimed at ensuring the availability, reliability, and security of the network infrastructure supporting critical defence communication operations. The scope of the AMC includes preventive and corrective maintenance, network monitoring, incident management, performance optimisation, and 24x7 technical support services. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The company's standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26. The counter rose 0.20% to Rs 325 on the BSE. Powered by Capital Market - Live News
HFCL bags Rs 106-cr export order for optical fibre cables
18 May 2026
HFCL said that it has secured an export order worth $11.07 million (approximately Rs 106.19 crore) for the supply of optical fiber cables through its overseas wholly owned subsidiary from a renowned international customer.
The company has to complete the supplies by August 2026. 'We are pleased to inform all stakeholders that the company has secured an export order worth around $11.07 million (equivalent to about Rs 106.19 crore) for the supply of optical fiber cables, through its overseas wholly owned subsidiary, from a renowned international customer,' the company said in an exchange filing. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 FY26. Shares of HFCL fell 2.20% to Rs 144.80 on the BSE. Powered by Capital Market - Live News
HFCL gains after securing export orders worth Rs 184 crore
12 May 2026
HFCL advanced 1.99% to Rs 151.15 after the company announced that it has secured export orders worth around $19.32 million (approximately Rs 183.95 crore) for the supply of optical fiber cables from reputed international customers.
According to the company's regulatory filing, the orders are scheduled to be executed by August 2026. However, the names of the customers were not disclosed. The total contract comprises two separate international orders. The first order is valued at approximately $11.43 million (around Rs 108.80 crore), while the second order is worth $7.89 million (around Rs 75.15 crore). The company stated that the orders reaffirm customer confidence in its manufacturing capabilities, technological expertise, and product quality. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. Powered by Capital Market - Live News
HFCL climbs after Rs 84 crore cable supply deal
5 May 2026
HFCL rose 4.60% to Rs 131.85 after the company announced that it has secured purchase orders worth approximately Rs 84.23 crore for the supply of optical fiber cables.
The orders have been received from a leading domestic telecom operator and will be executed by August 2026. The company said the contract involves the supply of optical fiber cables as per customer specifications. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). On a consolidated basis, HFCL reported net profit of Rs 178.50 crore in Q4 March 2026 as against net loss of Rs 81.43 crore in Q4 March 2025. Net sales surged 127.81% YoY to Rs 1824.12 crore in Q4 March 2026. Powered by Capital Market - Live News
HFCL gains as arm bags Rs 1,366-cr OFC supply orders
8 Apr 2026
HFCL rose 3.58% to Rs 75.24 after its subsidiary, HTL, secured orders worth approximately Rs 1,366 crore from a Tier-1 customer for the supply of optical fiber cables (OFC).
The contract involves the supply of OFC as per customer specifications and is scheduled to be executed by December 2026. The total order value is inclusive of applicable GST, the company said. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). The company reported a 41.04% jump in consolidated profit to Rs 102.37 crore on a 19.65% increase in revenue from operations to Rs 1,210.79 crore in Q3 FY26 as compared with Q3 FY25.
HFCL gains as arm bags $1.1 billion global optical fibre supply contract
13 Mar 2026
HFCL rose 1.38% to Rs 75.55 after its wholly owned subsidiary has secured a long-term contract worth about $1.10 billion (around Rs 10,159 crore) from a global multinational corporation for the supply of optical fibre cables (OFC).
Under the agreement, the subsidiary will supply multi-million fibre kilometres (fkm) of high-quality, high-fibre-count OFC every calendar year from CY26 to CY28. The contract will automatically extend for two additional calendar years, CY29 and CY30. Purchase orders will be released periodically during the contract period based on project-wise and specification-wise requirements, the company said in a regulatory filing. The agreement also allows the subsidiary to supply optical fibre cables to the assignees and authorised affiliates of the customer. The international contract is to be executed by December 2030. The company added that the promoter or promoter group does not have any interest in the entity awarding the contract and the transaction does not fall under related-party transactions. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). The company reported a 41.04% jump in consolidated profit to Rs 102.37 crore on a 19.65% increase in revenue from operations to Rs 1,210.79 crore in Q3 FY26 as compared with Q3 FY25. Powered by Capital Market - Live News
HFCL gains on bagging Rs 61-cr optical fiber cable order
17 Feb 2026
HFCL advanced 2.36% to Rs 70.65 after the company, along with its material subsidiary HTL, secured purchase orders worth Rs 60.95 crore from a domestic telecom service provider.
According to an exchange filing, the order pertains to the supply of optical fiber cables as per customer specifications. The contract is scheduled to be executed by May 2026. HFCL clarified that none of its promoters or promoter group entities have any interest in the awarding authority. The company further stated that the transaction does not qualify as a related-party contract under applicable regulatory norms. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). The company reported a 41.04% jump in consolidated profit to Rs 102.37 crore on a 19.65% increase in revenue from operations to Rs 1,210.79 crore in Q3 FY26 as compared with Q3 FY25. Powered by Capital Market - Live News
HFCL secures $4.67 million export order for optical fiber cables
16 Feb 2026
HFCL has announced that it has secured an export order worth approximately $4.67 million (around Rs 42.34 crore) from a reputed international customer for the supply of optical fiber cables.
According to a regulatory filing, the order entails the supply of optical fiber cables in line with customer specifications. The contract is scheduled to be executed by May 2026. The company clarified that none of its promoters or members of the promoter group have any interest in the awarding entity. It also confirmed that the contract does not fall under the category of related-party transactions, in line with regulatory norms. HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC). The company reported a 41.04% jump in consolidated profit to Rs 102.37 crore on a 19.65% increase in revenue from operations to Rs 1,210.79 crore in Q3 FY26 as compared with Q3 FY25. Powered by Capital Market - Live News
Corporate News
HFCL’s board approved Rs 400 crore expansion of fiber and cable manufacturing by July 2028
4 Aug 2026
HFCL announced that its board of directors approved a further expansion of its Optical Fiber and Optical Fiber Cable manufacturing capacities with a total capital outlay of Rs 400 crore, to be funded through a mix of internal accruals and debt. The expansion, expected to be completed by July 2028, will increase the company's total Optical Fiber manufacturing capacity to 38.50 Mn fkm per annum and its Optical Fiber Cable manufacturing capacity to 56.36 Mn fkm per annum.
Board of HFCL approves setting up manufacturing facility for Data Center Connectivity Products
22 Jul 2026
At meeting held on 22 July 2026
The board of HFCL at its meeting held on 22 July 2026 has approved the setting up of a state-of-the-art manufacturing facility for Data Center Connectivity Products with a capacity of 2,70,000 assemblies per annum at an estimated capital outlay of Rs 215 crore. The decision has been taken in view of the significant growth in global demand for data center connectivity products, driven by the rapid deployment of Artificial Intelligence (AI), hyperscale data centers, cloud computing, high-performance computing and high-speed networking infrastructure. This structural shift is accelerating the demand for next-generation high-density optical connectivity solutions, thereby creating substantial business opportunities for the Company in both domestic and international markets. The proposed manufacturing facility will manufacture advanced data center connectivity products, including Miniature Multi-Fiber (MMC) and Super High-Density Multi-Fiber Termination (SNMT) assemblies, which are widely used in high-speed data center and AI infrastructure.
HFCL to discuss results
18 Jul 2026
On 22 July 2026
HFCL will hold a meeting of the Board of Directors of the Company on 22 July 2026.
HFCL bags export order of USD 51.98 million
10 Jul 2026
HFCL has secured export order worth USD 51.98 million (equivalent to Rs 495.80 crore), for the supply of optical fiber cable based data centre connectivity solutions, through its overseas wholly owned material subsidiary, from a renowned international customer.
HFCL secures contract worth Rs 2,666 cr
17 Jun 2026
From Rail Vikas Nigam
HFCL has been awarded a contract amounting to Rs 2,666.09 crores by Rail Vikas Nigam (RVNL). This contract pertains to the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. The scope of the Contract includes (i)Supply of telecom equipment and related accessories with installation & commissioning, (ii) Creation of Optical Fiber Cable Telecom Network and (iii) Maintenance of the project for a period of 10 years, including a 1-year warranty period. This contract is in addition to the earlier contract of Rs 2,167.65 crore awarded to the company by RVNL for BharatNet Phase-III projects in the Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles.
HFCL receives a purchase order of Rs 135 cr from RailTel
27 May 2026
HFCL has received a purchase order worth Rs 135.09 crore from RailTel Corporation of India, under the Ministry of Railways (RailTel) for the Annual Maintenance Contract (AMC) of the project 'Implementation of Secure Operations (OPS) Network' for data centers of Indian defence forces. The Company had earlier undertaken the implementation of the Secure OPS Network for Indian defence forces under a project awarded by RailTel. The Company has successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres at Indian defence establishments across the Country. The scope of the project included establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security, and was executed in accordance with the stipulated contractual requirements and prescribed technical and security specifications. Post completion of the warranty period, RailTel has now issued the aforesaid purchase order for undertaking the AMC of the project. Under this AMC contract, the Company will provide end-to-end maintenance support services aimed at ensuring high availability, reliability, and security of the network infrastructure supporting critical defence communication operations. The scope of work includes preventive and corrective maintenance, network monitoring, incident management, performance optimization, and 24x7 technical support services.
HFCL allots 7.5 cr convertible warrants aggregating to Rs 138.75 cr
25 May 2026
HFCL has allotted 7.50 crore convertible warrants to NextWave Communications (promoter) and Satellite Finance (promoter group) on receipt of warrant subscription amount of Rs 18.50 per warrant (being 25% of the exercise price of Rs 74 per warrant aggregating to Rs 138.75 crore).
Board of HFCL approves setting up defence manufacturing unit
14 May 2026
At meeting held on 14 May 2026
The board of HFCL at its meeting held on 14 May 2026 has approved the establishment of a defence manufacturing facility for manufacture of Multi-Mode Hand Grenade (MMHG) and similar other products in Sri Satya Sai District of the State of Andhra Pradesh (Defence Facility) at a total initial capital outlay of Rs 230 crore. This initiative forms part of HFCL's long-term strategic expansion into high-value defence manufacturing, aligned with India's national objective of achieving self-reliance (Aatmanirbharta) in defence production.
HFCL wins export orders of Rs 183.95 cr
11 May 2026
HFCL has received export orders valued at USD 19.32 million (equivalent to Rs 183.95 crore) for the supply of optical fiber cables from renowned international customers.
HFCL secures orders worth Rs 84.23 cr
4 May 2026
HFCL has secured domestic purchase orders worth Rs 84.23 crore for supply of optical fibre cables from one of the leading private telecom provider.
Board of HFCL recommends final dividend
30 Apr 2026
Of Rs 0.2 per share
HFCL announced that the Board of Directors of the Company at its meeting held on 30 April 2026, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.
HFCL to declare Quarterly Results
24 Apr 2026
On 30 April 2026
HFCL will hold a meeting of the Board of Directors of the Company on 30 April 2026.
HFCL arm secures order worth Rs 1,366 cr
8 Apr 2026
HTL, a material subsidiary of HFCL has secured order worth Rs 1366 crore, from a renowned Tier-1 customer for the supply of optical fiber cables.
Board of HFCL approves fund raising up to Rs 555 cr via warrants
25 Mar 2026
At meeting held on 25 March 2026
The board of HFCL at its meeting held on 25 March 2026 has approved raising of funds through issuance of up to 7,50,00,000 warrants convertible into equity shares at an issue of Rs 74 per equity share, aggregating to Rs 555 crore. The proposed fund raise is aimed at strengthening the Company's balance sheet and enhancing financial flexibility as HFCL enters a phase of accelerated growth and strategic investments. Powered by Capital Market - Live News
HFCL to convene board meeting
21 Mar 2026
On 25 March 2026
HFCL will hold a meeting of the Board of Directors of the Company on 25 March 2026. Powered by Capital Market - Live News
HFCL secures a 5-year USD 1.10 billion contract from a global major
13 Mar 2026
HFCL has entered into a five year supply agreement with a global multinational corporation for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC), through its overseas wholly owned subsidiary. The total potential value of the contract over its tenure is estimated at ~USD 1.10 billion (approximately USD One Billion One Hundred Million) equivalent to ~Rs 10,159 crore, based on prevailing selling prices of OFC products being supplied. Powered by Capital Market - Live News
HFCL and its subsidiary secure orders worth Rs 60.95 cr
17 Feb 2026
HFCL announced that the Company along with its material subsidiary, HTL, has secured purchase orders worth Rs 60.95 crore, for the supply of optical fiber cables, from one of the leading private telecom operators of the Country. Powered by Capital Market - Live News
HFCL wins export order of USD 4.67 million
16 Feb 2026
HFCL has secured an export order worth USD 4.67 million (equivalent to Rs 42.34 crore) for supply of optical fiber cables, from a renowned international customer. Powered by Capital Market - Live News
Results - Announcements
HFCL reports consolidated net profit of Rs 228.60 crore in the June 2026 quarter
22 Jul 2026
Sales rise 119.85% to Rs 1914.98 crore
Net profit of HFCL reported to Rs 228.60 crore in the quarter ended June 2026 as against net loss of Rs 32.24 crore during the previous quarter ended June 2025. Sales rose 119.85% to Rs 1914.98 crore in the quarter ended June 2026 as against Rs 871.02 crore during the previous quarter ended June 2025. Particulars Quarter Ended Jun. 2026 Jun. 2025 % Var. Sales 1914.98 871.02 120 OPM % 21.62 3.26 - PBDT 382.77 -12.50 LP PBT 331.52 -44.70 LP NP 228.60 -32.24 LP Powered by Capital Market - Live News
HFCL reports consolidated net profit of Rs 178.50 crore in the March 2026 quarter
30 Apr 2026
Sales rise 127.81% to Rs 1824.12 crore
Net profit of HFCL reported to Rs 178.50 crore in the quarter ended March 2026 as against net loss of Rs 81.43 crore during the previous quarter ended March 2025. Sales rose 127.81% to Rs 1824.12 crore in the quarter ended March 2026 as against Rs 800.72 crore during the previous quarter ended March 2025. For the full year,net profit rose 75.72% to Rs 311.74 crore in the year ended March 2026 as against Rs 177.41 crore during the previous year ended March 2025. Sales rose 21.77% to Rs 4949.27 crore in the year ended March 2026 as against Rs 4064.52 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 1824.12 800.72 128 4949.27 4064.52 22 OPM % 17.21 -4.63 - 15.39 11.05 - PBDT 273.41 -74.49 LP 585.06 322.10 82 PBT 227.93 -104.93 LP 427.68 216.59 97 NP 178.50 -81.43 LP 311.74 177.41 76 Powered by Capital Market - Live News
Market Commentary - Mid-Session
Indices trade sideways in early trade; breadth strong
18 Jun 2026
The key equity benchmarks traded sideways in early trade, tracking mixed global cues after the U.S. Federal Reserve kept interest rates unchanged while signaling the possibility of a rate hike later this year. Investors remained cautious and will closely monitor monsoon developments, FII activity, and inflation trends for directional cues. Nifty traded above the 24,050 mark. Barring IT index all the sectoral indices on the NSE were traded in green. At 09:25 IST, the barometer index, the S&P BSE Sensex fell 9.64 points or 0.02% to 77,134.48. The Nifty 50 index rose 2 points or 0.01% to 24,088.75. The broader market outperformed the headline indices. The BSE 150 MidCap Index gained 0.12% and the BSE 250 SmallCap Index added 0.49%. The market breadth was strong. On the BSE, 1,976 shares rose and 930 shares fell. A total of 190 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 101.59 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,561.40 crore in the Indian equity market on 17 June 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.10% to 6.872 compared with previous session close of 6.865. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.6275 compared with its close of 94.5000 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 0.81% to Rs 152,639. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 100.24. The United States 10-year bond yield declined 0.20% to 4.448. In the commodities market, Brent crude for August 2026 settlement fell $ 1.28 or 1.61% to $78.27 a barrel. Stocks in Spotlight: HFCL rallied 3.23% after the company has received a contract worth Rs 2,666.09 crore from Rail Vikas Nigam (RVNL) for the execution of the BharatNet Phase-III project in Uttar Pradesh. The scope of the contract includes the supply of telecom equipment and related accessories, the creation of an optical fiber cable telecom network, and maintenance of the project for 10 years. Lupin rose 0.93%. The company announced the launch of Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA). The product is bioequivalent to Edarbi and is indicated for the treatment of hypertension in adults. Lupin is the exclusive first-to-file applicant for the generic version and is eligible for 180 days of generic drug exclusivity in the U.S. market. Balkrishna Industries shed 0.88%. The company announced the appointment of Saroj Kumar Khuntia as chief financial officer (CFO) and key managerial personnel (KMP) with effect from 18 June 2026. Meanwhile, Madhusudan Bajaj has ceased to be the company's CFO and KMP upon attaining the age of superannuation. Global Markets: Asian markets traded mixed on Thursday as the US Federal Reserve indicated the possibility of a rate hike this year. Wednesday marked the first meeting of the Federal Reserve with Kevin Warsh at the helm of the U.S. central bank. At the conclusion of the meeting, the Fed kept the benchmark federal funds rate unchanged and anchored in a range of between 3.5% and 3.75%. Policymakers' dot plot' revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warsh's decision to abstain from submitting a rate forecast. Overnight on Wall Street, stocks fell on Wednesday, while Treasury yields surged, as investors grew uncertain over the path of monetary policy after several Federal Reserve officials indicated there could be a rate hike this year to tamp down on inflation. The Dow Jones Industrial Average fell 507.12 points, or 0.98%, after earlier hitting a fresh all-time intraday record ' the index's third consecutive high. The 30-stock index closed at 51,492.55. The S&P 500 lost 1.21% and ended at 7,420.10. The Nasdaq Composite shed 1.34% and settled at 26,021.66. Powered by Capital Market - Live News
Market Commentary - Quick Review
Benchmarks rally for 5th day; Nifty settles above 24,150 mark
18 Jun 2026
The key domestic indices ended with moderate gains on Thursday, extending gains for fifth consecutive trading session, supported by easing crude oil prices and improving global sentiment. Investors' confidence boosted after U.S. President Donald Trump signed a memorandum of understanding (MoU) with Iran aimed at ending the conflict, easing geopolitical concerns. Market sentiment remained resilient despite the U.S. Federal Reserve's decision to keep interest rates unchanged while signaling the possibility of a rate hike later this year. The Nifty closed above the 24,150 mark. However, investors will keep a close watch on the annual general meeting (AGM) of Reliance Industries scheduled for Friday, 19 June 2026, while also monitoring monsoon progress, foreign institutional investor (FII) activity, and inflation trends for further market direction. Realty, PSU Bank and Pharma shares advanced while IT and metal stocks declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 254.36 points or 0.33% to 77,409.98. The Nifty 50 index rose 82.30 points or 0.34% to 24,168. In the five consecutive trading sessions, the Sensex jumped 4.85% and Nifty climbed 4.35%. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.41% and the BSE 250 SmallCap Index added 0.67%. The market breadth was strong. On the BSE 2,425 shares rose and 1,811 shares fell. A total of 192 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3650 compared with its close of 94.5000 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement declined $1.68 or 2.11% to $77.87 a barrel. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.90% to 12.67. Monsoon update: The India Meteorological Department (IMD) has forecast widespread monsoon rainfall over Mumbai and adjoining parts of Maharashtra by the end of June, indicating a delayed onset of the southwest monsoon in the city, where it typically arrives around June 10-11. Buzzing Index: The Nifty IT Index declined 1.19% to 28,466.45 as investors reacted to the US Federal Reserve's inflation outlook and growing expectations that interest rates could remain elevated for longer. The index increased 3.68% in the past three trading sessions. Infosys (down 2.62%), Persistent Systems (down 2.11%), Tech Mahindra (down 0.9%), Wipro (down 0.85%) and Tata Consultancy Services (down 0.81%) were the top losers. Among the other losers were Oracle Financial Services Software (down 0.45%), HCL Technologies (down 0.33%), Mphasis (down 0.28%) declined. Sentiment weakened after the US Federal Reserve kept interest rates unchanged on Wednesday, but signalled continued concerns over inflation. Policymakers indicated that borrowing costs could remain higher for longer as inflation stays above the central bank's 2% target. The cautious outlook weighed on Indian IT stocks, which derive a significant share of their revenue from North America. Investors worried that elevated interest rates could dampen discretionary technology spending by enterprises, affecting demand for IT services. Stocks in Spotlight: HFCL hit an upper circuit of 5% after the company announced that it has secured a contract worth approximately Rs 2,666.09 crore from Rail Vikas Nigam (RVNL) for the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. FSN E-Commerce Ventures, the parent of Nykaa, jumped 5.85% after the company outlined its FY30 growth strategy. At its Annual Investor Day 2026, Nykaa outlined plans to deliver 2-3 times revenue growth and 4-5 times EBITDA growth by FY30, supported by operating leverage, capital-efficient investments and margin expansion. The company is also targeting a return on capital employed (ROCE) of over 40%. The beauty business, which exited FY26 with GMV of around Rs 15,000 crore, aims to grow GMV by 2-3 times by FY30. Nykaa Fashion, which reported FY26 GMV of Rs 4,954 crore, is targeting 3-3.5 times GMV growth by FY30 with potential high single-digit EBITDA margins and progressing towards 10%+ steady-state profitability. House of Nykaa, the company's portfolio of beauty brands, is aiming to surpass Rs 5,000 crore in net sales value by FY30. Superstore by Nykaa, the company's B2B distribution platform, plans to cross Rs 3,500 crore GMV by FY30. JBM Auto added 2.12% after the company's subsidiary JBM ECOLIFE Mobility, has successfully secured a Rs 750 crore long term strategic investment from Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group. The investment will provide growth capital to accelerate JBM Ecolife's electric bus deployment and strengthen sustainable public transportation infrastructure across India. Mobavenue AI Tech shed 0.79% after the company said that it has secured a new international order worth approximately Rs 10.02 crore through its wholly owned UK subsidiary, Mobavenue Global Holdings. The engagement will be executed through the company's AI-powered consumer growth and technology platforms to support the customer's digital growth objectives. Lupin rose 2.83% after launching Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval of its abbreviated new drug application (ANDA) by the US Food and Drug Administration (USFDA). Lemon Tree Hotels added 3.32% after the company said that it has announced the opening of a new hotel in Sri Ganganagar, marking the hospitality chain's entry into the city and strengthening its footprint in Rajasthan. Kirloskar Ferrous Industries (KFIL) rallied 7.20% after it has secured an international export order valued at around $13.51 million from a buyer based in London, United Kingdom. Under the contract, the company will supply 30,000 metric tonnes ('5%) of basic-grade pig iron on a Free on Board (FOB) basis. The order has been awarded by an international entity and is scheduled for execution with the final shipment to be completed by August 15, 2026. Global Market: The Dow Jones index futures were up 193 points, indicating a positive opening in the US stocks today. Most European market declined ahead of interest rate decisions from the Bank of England and the Swiss National Bank, both scheduled later in the day. Meanwhile, official data released on Thursday showed that the U.K.'s unemployment rate eased to 4.9% in the three months to April from 5.0% in the preceding period. Asian market ended mixed on Thursday as the US Federal Reserve indicated the possibility of a rate hike this year. Wednesday marked the first meeting of the Federal Reserve with Kevin Warsh at the helm of the U.S. central bank. At the conclusion of the meeting, the Fed kept the benchmark federal funds rate unchanged and anchored in a range of between 3.5% and 3.75%. Policymakers' dot plot' revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warsh's decision to abstain from submitting a rate forecast. Overnight on Wall Street, stocks fell on Wednesday, while Treasury yields surged, as investors grew uncertain over the path of monetary policy after several Federal Reserve officials indicated there could be a rate hike this year to tamp down on inflation. The Dow Jones Industrial Average fell 507.12 points, or 0.98%, after earlier hitting a fresh all-time intraday record ' the index's third consecutive high. The 30-stock index closed at 51,492.55. The S&P 500 lost 1.21% and ended at 7,420.10. The Nasdaq Composite shed 1.34% and settled at 26,021.66. Powered by Capital Market - Live News
Insider Activity
Acquisitions
HFCL Employees Trust
Trust
Acquired 1174100 shares worth ₹2,42,45,165
Reported on 9 Jun 2022
Mode: ESOP
Disposals
HFCL Employees Trust
Trust
Disposed 6000 shares worth ₹1,23,900
Reported on 9 Mar 2026
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 26300 shares worth ₹5,43,095
Reported on 19 Feb 2026
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 44000 shares worth ₹9,08,600
Reported on 12 Feb 2026
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 75600 shares worth ₹15,61,140
Reported on 5 Dec 2025
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 43800 shares worth ₹9,04,470
Reported on 24 Nov 2025
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 32400 shares worth ₹6,69,060
Reported on 24 Oct 2025
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 30600 shares worth ₹6,31,890
Reported on 29 Sept 2025
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 41900 shares worth ₹8,65,235
Reported on 31 Mar 2025
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 10000 shares worth ₹2,06,500
Reported on 16 Nov 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 20000 shares worth ₹4,13,000
Reported on 16 Nov 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 41600 shares worth ₹8,59,040
Reported on 21 Oct 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 12000 shares worth ₹2,47,800
Reported on 16 Sept 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 30000 shares worth ₹6,19,500
Reported on 10 Sept 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 47000 shares worth ₹9,70,550
Reported on 2 Sept 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 49500 shares worth ₹10,22,175
Reported on 21 Aug 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 37800 shares worth ₹7,80,570
Reported on 5 Aug 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 7500 shares worth ₹1,54,875
Reported on 26 Jun 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 24000 shares worth ₹4,95,600
Reported on 10 Jun 2024
Mode: Off Market
HFCL EMPLOYEES TRUST
Trust
Disposed 106800 shares worth ₹22,05,420
Reported on 14 Mar 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 50000 shares worth ₹10,32,500
Reported on 26 Feb 2024
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 30000 shares worth ₹6,19,500
Reported on 6 Dec 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 65000 shares worth ₹13,42,250
Reported on 25 Sept 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 20100 shares worth ₹4,15,065
Reported on 24 Aug 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 45900 shares worth ₹9,47,835
Reported on 14 Aug 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 83800 shares worth ₹17,30,470
Reported on 22 Jun 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 27300 shares worth ₹5,63,745
Reported on 23 May 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 34500 shares worth ₹7,12,425
Reported on 26 Apr 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 88100 shares worth ₹18,19,265
Reported on 28 Mar 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 72600 shares worth ₹14,99,190
Reported on 1 Mar 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 61200 shares worth ₹12,63,780
Reported on 27 Jan 2023
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 69100 shares worth ₹14,26,915
Reported on 28 Dec 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 64500 shares worth ₹13,31,925
Reported on 24 Nov 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 97000 shares worth ₹20,03,050
Reported on 15 Oct 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 51000 shares worth ₹10,53,150
Reported on 22 Sept 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 106800 shares worth ₹22,05,420
Reported on 2 Sept 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 44000 shares worth ₹9,08,600
Reported on 19 Aug 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 77100 shares worth ₹15,92,115
Reported on 5 Aug 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 20000 shares worth ₹4,13,000
Reported on 19 Jul 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 311400 shares worth ₹64,30,410
Reported on 5 Jul 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 21000 shares worth ₹4,33,650
Reported on 23 Jun 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 103900 shares worth ₹21,45,535
Reported on 1 Jun 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 141200 shares worth ₹29,15,780
Reported on 19 May 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 100600 shares worth ₹20,77,390
Reported on 13 May 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 62300 shares worth ₹12,86,495
Reported on 11 May 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 33500 shares worth ₹6,91,775
Reported on 1 Apr 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 36400 shares worth ₹7,51,660
Reported on 25 Mar 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 164500 shares worth ₹33,96,925
Reported on 9 Mar 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 161100 shares worth ₹33,26,715
Reported on 17 Feb 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 14900 shares worth ₹3,07,685
Reported on 27 Jan 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 173800 shares worth ₹35,88,970
Reported on 12 Jan 2022
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 50000 shares worth ₹10,32,500
Reported on 30 Dec 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 110400 shares worth ₹22,79,760
Reported on 21 Dec 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 116400 shares worth ₹24,03,660
Reported on 30 Nov 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 152300 shares worth ₹31,44,995
Reported on 26 Oct 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 75000 shares worth ₹15,48,750
Reported on 22 Oct 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 40000 shares worth ₹8,26,000
Reported on 8 Oct 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 112700 shares worth ₹23,27,255
Reported on 1 Oct 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 62000 shares worth ₹12,80,300
Reported on 29 Sept 2021
Mode: Off Market
HFCL Employees Trust
Trust
Disposed 1931400 shares worth ₹3,98,83,410
Reported on 22 Sept 2021
Mode: Off Market
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