HFCL’s 5% rise on both September 29 and September 30

HFCL’s 5% rise on both September 29 and September 30, 2026 appears to be driven more by a combination of strong business momentum, investor meetings and positive expectations around its telecom/AI-infrastructure opportunity than by one fresh order announced in the last 48 hours. The immediate recent developments include HFCL’s September 29 AGM, its management’s Goldman Sachs India “Hidden Gems” investor meeting on September 30, and the company’s ongoing investor interactions with institutions. Fundamentally, the bigger triggers are the ₹2,329 crore, three-year OFC export contract announced in September, HFCL’s ₹820 crore additional capacity-expansion investment for optical fibre, OFC and preform, and the strong global demand outlook linked to data centres/AI connectivity. The company has also been strengthening its defence business, while its earlier results showed a significant improvement in profitability and revenue. Importantly, HFCL closed September 29 at ₹216.21 (+5%) and September 30 at ₹227.02 (+5%), confirming the two consecutive 5% moves. So, the recent rally looks connected to strong order visibility + capacity expansion + AI/data-centre fibre demand + institutional investor interest, although the specific 5% moves cannot be attributed with certainty to a single announcement.