Forget selling! FIIs doubled down on this AI multibagger stock that's up 200% YTD

FIIs more than doubled their stake in HFCL to 15.7% in the June quarter from 7.1% in March, as the optical fibre manufacturer's stock surged about 200% year-to-date. HFCL reported its highest-ever order book of around Rs 26,665 crore in Q1FY27, nearly five times its FY26 revenue, with revenue more than doubling to Rs 1,915 crore (120% YoY growth) and a net profit of Rs 246 crore against a year-ago loss. The company revised its FY27 revenue growth guidance to 40%, approved Rs 215 crore capex for AI data centre connectivity solutions, and drew a Buy initiation from Deven Choksey Research with a Rs 362 target price implying another 75% upside.