Shares of HFCL continued their stellar rally on Thursday, jumping as much as 3.7% to hit an intraday high of Rs 146.79. The stock has now advanced for the fifth straight trading session, delivering a cumulative gain of nearly 37%, driven by fresh order wins and a sharp turnaround in earnings.
Adding to investor optimism, on May 4 the company informed exchanges that it, along with its subsidiary HTL Limited, secured purchase orders worth around Rs 84.23 crore from a leading private telecom operator for the supply of optical fibre cables (OFC).
