Multibagger HFCL shares hit 5% upper circuit for second session. What’s triggering the surge? (opens original article in a new tab)

HFCL shares rose 5% on the BSE after securing a major contract from Rail Vikas Nigam Limited for the BharatNet Phase-III project, boosting its telecom and infrastructure business. The company is also expanding into defence, aerospace, and data centres, with increasing export revenue.

• HFCL shares surged 5% on the BSE after securing a Rs 2,666.09 crore contract from RVNL for BharatNet Phase-III.
• The contract involves supplying telecom equipment, installation, and maintenance over 10 years, expanding HFCL's telecom infrastructure role.
• HFCL is diversifying into defence, aerospace, and data centres, with export revenue rising to 41% of sales in FY26.