HFCL shares extended their decline on Monday, falling nearly 5% in intraday trade to Rs 177.87, marking a second consecutive day of losses. The stock has now corrected about 10% in just two sessions, largely driven by profit booking after a stellar multi-month rally.
Despite the recent pullback, HFCL remains one of the standout performers of 2026, having surged nearly 165% during the year on the back of strong defence orders, rising optical fibre demand, and robust order inflows.
