HFCL Jumps 100%: Is This Stock the Next HFCL?

HFCL Share Price Hits Fresh 52-week high

HFCL share price has remained in the limelight after a sharp rally from April to May 7. During this period, the stock gained about 96 per cent. On a year-to-date basis, HFCL share price has delivered multibagger returns of over 100 per cent. The stock also marked a fresh 52-week high on Thursday, May 7, 2026.

Strong FY26 Performance Keeps HFCL in Focus

The rally in HFCL share price has been supported by the company’s strong financial performance. HFCL reported its highest-ever annual and quarterly performance, along with its highest-ever Order Book of more than Rs 21,000 crore. The company’s growing Defence and Aerospace platform has also positioned it for the next phase of growth in the defence sector.

For FY26, HFCL’s PAT increased to Rs 329.44 crore as compared to Rs 173.26 crore in FY25, registering a growth of 90 per cent.

Fresh Order Win Adds to Momentum

In a recent development, HFCL announced that it, along with HTL Limited, a material subsidiary of the company, has secured purchase orders worth around Rs 84.23 crore. The order is for the supply of optical fibre cables from one of the company’s leading private telecom operators.

With HFCL delivering a sharp move, market participants are now looking for the next potential stock in the telecom equipment and optical networking space.

Is Tejas Networks the Next HFCL?

Tejas Networks designs and manufactures wireline and wireless networking products, with a strong focus on technology, innovation and research and development. Its carrier-class products are used by telecom service providers, utilities, governments and defence networks in more than 75 countries. The company has an extensive portfolio of telecom products for building end-to-end telecom networks.

Tejas Networks Share Price in Focus

Tejas Networks share price has rallied over 31 per cent so far in May. The stock has also marked a breakout from a cup-like pattern that had formed over the past two months. On Thursday, May 7, Tejas Networks share price gained nearly 18 per cent with robust volume of 3.80 crore shares.

Tejas Networks Order Book Grows Despite Weak Quarter

Tejas Networks’ order book stood at Rs 1,514 crore, reflecting annual growth of 49 per cent. This came despite the company reporting a loss of Rs 211 crore and lower revenue of Rs 333 crore, mainly due to delayed customer projects in the quarter ended March 31, 2026.

The company also witnessed strong traction for its 400G and 800G optical fibre solutions in telecom and carrier-of-carrier networks. These solutions are aimed at serving the rising bandwidth demand from 5G backhaul, enterprise connectivity and data centre connectivity, according to Arnob Roy, Managing Director and Chief Executive Officer of Tejas Networks.

AI, Data Centres and Future Network Demand

As per Arnob Roy, Managing Director and Chief Executive Officer at Tejas Networks: “The data center connectivity will go to multi-terabit scale, which is already scaling up to that level, but is going to scale up significantly to provide for the AI cloud interconnect. So, we have built our current platforms to scale very efficiently for the networks of the future, to handle thetraffic capacities as well as the traffic characteristics of future networks. Our new generation 5G products are being designed to scale and evolve into 5G-Advanced and 6G products with much higher uplink capacities. Our high-capacity optical, which supports 1.2 terabit per channel, is going to scale to 1.6 terabit and beyond to support the terabit-scale data center connectivity of the future. Our multi-terabit edge node is going to again scale in capacity and interface and also going to integrate with compute capacity and compute infrastructure to support edge AI applications.”

With telecom networks moving towards higher capacity, AI-led cloud interconnects and next-generation data centre connectivity, Tejas Networks could remain on investors’ radar after its sharp price and volume action.

Disclaimer: The article is for informational purposes only and not investment advice.