HFCL shares slip nearly 7% this week after 212% rally. Is this multibagger a buy on dips?

HFCL shares fell nearly 7% this week after a 212% rally, though the decline reflects profit-booking rather than any fundamental concern. The company reported an all-time-high order book of about Rs 21,200 crore, with management guiding for 20-25% revenue growth in FY27 and 3-4 percentage points EBITDA margin expansion. Expansion into defence, aerospace and data centres, plus exports rising from 11% to 41% of revenue over two years, underscores the structural growth story.