The HFCL stock opened at its upper circuit price of ₹238.37 on the NSE. With Thursday’s move, the stock has gained nearly 16% in three trading sessions, while the Nifty 50 has declined by around 1% during the same period.
HFCL Shares See Sharp Rise in Trading Volume
The recent rally in HFCL shares has also been supported by a significant increase in trading activity. NSE data showed that around 16 million HFCL shares changed hands during the session, compared with approximately 3.4 million shares in the previous trading session.
Higher volumes alongside a price increase indicate strong market participation, although volume alone does not guarantee that the stock will continue to rise.
HFCL Stock Delivers Strong Returns in 2026
HFCL Limited operates in the telecommunications and digital networking space. The company manufactures and deploys telecom equipment, optical fibre cables (OFCs) and other advanced network solutions.
The stock has significantly outperformed the broader market in 2026 so far. HFCL shares have reportedly delivered a 245% return during the year, while the Nifty 50 has fallen by nearly 15% over the same period.
Such a sharp rise also means investors should consider the possibility of higher volatility when evaluating the stock.
HFCL Under Long-Term Additional Surveillance Measure
Stock exchanges have placed HFCL under Long-Term Additional Surveillance Measure Stage 4 (LT ASM-4).
The ASM framework is used by exchanges to monitor securities showing unusual price or trading activity. Being placed under surveillance does not by itself mean that a company has committed wrongdoing or that its shares will fall. Investors should consider the surveillance status along with the company’s financial performance and other relevant factors.
HFCL Q1FY27 Results Show Strong Improvement
HFCL reported a significant improvement in its financial performance during the first quarter of FY27.
The company reported a net profit of ₹245.64 crore, compared with a net loss of ₹29.30 crore in Q1FY26. Revenue also more than doubled to ₹1,914.98 crore during the quarter.
Another key development was the company’s order book. At the end of Q1FY27, HFCL reported an order book of ₹26,665 crore, its highest level at that time and nearly five times its FY26 revenue.
The improvement in profitability, revenue and order book has become an important factor for investors tracking the company’s growth prospects.
What Technical Analysts Are Saying About HFCL
According to Hitesh Tailor, technical research analyst at Choice Broking, HFCL remains in a broader uptrend and continues to show a Higher High–Higher Low (HH-HL) structure on the daily chart.
The stock recently formed a Double Top near the ₹255–₹256 resistance area before experiencing a technical correction. According to the analyst, the decline attracted buying interest around the 0.618 to 0.79 Fibonacci retracement zone, which also aligned closely with the 100-day EMA.
HFCL subsequently formed a Daily Bullish Engulfing candle, suggesting renewed buying interest at lower levels. Trading volumes also increased during the recovery.
The analyst noted that the RSI was around 58.76, indicating improving bullish momentum.
HFCL Share Price: Key Support and Resistance Levels
According to the technical view shared by Choice Broking:
- Support: ₹215–₹220
- Immediate resistance: ₹255–₹257
- RSI: 58.76
- Trend: Broader bullish structure
These levels are technical reference points rather than guaranteed price targets. Actual price movements can change depending on market conditions, company developments and investor sentiment.
What Investors Should Watch
HFCL’s recent performance is being supported by several factors, including strong quarterly results, a large order book, increased trading activity and positive technical momentum.
At the same time, the stock’s substantial rise in 2026 and its placement under LT ASM-4 highlight the importance of risk management. Investors should avoid making decisions based solely on short-term price movements or technical indicators.
Before investing, readers should review the company’s latest financial results, valuation, business outlook and their own risk tolerance.
Disclaimer: The technical views and market outlook mentioned above are those of the respective analyst/brokerage and should not be treated as investment advice. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.
