HFCL shares rally 4% after Rs 495-crore order win. Should you buy after 200% surge in 2026?

HFCL shares rallied 4 percent after the company won a Rs 495 crore overseas order, to be fulfilled by December. The stock has surged nearly 200 percent in 2026 so far. Brokerage Monarch Networth Capital remains bullish, citing HFCL's all-time-high order book of around Rs 21,200 crore, management's FY27 revenue growth guidance of 20-25 percent with 3-4 percentage point EBITDA margin expansion, and a long-term revenue aspiration of Rs 10,000 crore. Export revenue has climbed from about 11 percent of sales in FY24 to nearly 41 percent in FY26, with a confirmed export order book exceeding Rs 12,000 crore.