Multibagger HFCL shares hit 5% upper circuit for second session. What’s triggering the surge?

HFCL shares hit the 5 percent upper circuit for the second consecutive session, taking six-month gains to about 226 percent. The surge is driven by a major 10-year contract for telecom equipment supply, OFC network creation, and maintenance under the BharatNet Phase-III programme. Brokerage Monarch Networth Capital highlighted an all-time-high order book of around Rs 21,200 crore, FY27 revenue growth guidance of 20-25 percent, and expanding presence in defence, aerospace, and data centre opportunities.