Communication Equipment
HFCL Limited (NSE: HFCL) breaks below support, falls 5%
HFCL Limited (NSE: HFCL) stock price falls 5% intraday to ₹213.17, breaking below support in the Technology > Communication Equipment sector.
HFCL Limited (HFCL) fell -5% to ₹213.17 on the NSE on 17 Jul 2026, breaking below its 6-month support trendline. This move was driven by the stock’s breakdown below the support line, which was previously approaching support. HFCL, a player in the technology sector under communication equipment, has seen a company-specific move rather than aligning with broader sector momentum.
Technical setup — trendlines & DMA
The current 6-month trendline structure shows HFCL breaking below its support trendline, which ended at ₹231.45, now 8.58% below that level. Resistance is at ₹255.74, which is 19.97% above the current price. The stock is 22% above its 50-day moving average (DMA) of ₹184.6, indicating an extended move. Despite this, the 50-DMA is above the 200-DMA of ₹102.0, suggesting a bullish trend. HFCL is in the upper third of its 52-week range, 90% up from the 52-week low and 7.1% below the 52-week high, implying that a significant portion of the move is already priced in.
Snapshot: ₹213.17 on 2026-07-17 (chart frozen at publication)
Fundamentals & business context
With a PE ratio of 100.6 and profit margins at 6.3%, HFCL’s valuation appears stretched relative to its current earnings, especially given its revenue CAGR of 1.5%. The stock’s institutional ownership of 11.8% suggests a cautious view from the smart money. There was no NSE catalyst today to explain the move, making the breakdown below support the primary driver.
Algorithmic scorecard
The overall scorecard reflects a technically strong but fundamentally weak position. The strongest signals are the bullish trend indicated by the 50-DMA above the 200-DMA and the stock’s excellent year-to-date performance, up 167.6%. These signals suggest positive momentum and strong year-long gains. However, the weakest signals are the overvalued PEG ratio and the negligible dividend yield, which pose risks of overpricing and lack of income generation, respectively.
Company outlook
Management provided forward guidance indicating expected revenue growth of 20% to 25% in the upcoming year, with a 3% to 4% increase in EBITDA margin in FY27. Data centre interconnect solutions are expected to contribute about ₹400 crore in additional revenue in FY26-27 and about ₹800 crore in FY27-28. A $1.1 billion order from a hyperscaler is expected to start from Q2. Capex for FY27 is expected to be roughly about ₹600 crores, and for FY28, ₹350 crores. Additionally, the company plans to establish a Preform manufacturing facility with an estimated capital outlay of around ₹580 crore and a preferential issuance of warrants to promoters aggregating to approximately ₹555 crore to support the next phase of expansion.
Get all details on HFCL — P&L, peers, shareholding and more on TradeAlone.
Communication Equipment
Tejas Networks Limited (tejasnet) Q2 FY27: Revenue Up 58%, Order Book Soars to INR 2,315 Cr
Tejas Networks Limited (TEJASNET) reports a 58% rise in Q2 FY27 revenue to INR 406 Cr, with a significant increase in the order book to INR 2,315 Cr.
Tejas Networks Limited (TEJASNET) has reported a robust performance for Q2 FY27, with a significant 58% increase in revenue to INR 406 Cr compared to INR 262 Cr in Q2 FY26. The company’s order book has also soared to INR 2,315 Cr from INR 1,529 Cr in Q1 FY27, showcasing strong growth and increasing international engagements.
Revenue and Profit Insights
The company’s Q2 FY27 revenue was driven by shipments of Optical, IP, and FTTx products to private operators and system integrators, along with initial shipments for BSNL 4G add-on and our end-to-end 5G solution to an international customer in South America. Despite the revenue growth, the Profit After Tax (PAT) stood at INR -207 Cr compared to INR -307 Cr in the same quarter last year, indicating a slight improvement in the financial performance.
Order Book and Market Expansion
Tejas Networks Limited has received Letters of Intent (LOI) for over 18,000 4G sites for BSNL’s 4G network expansion, highlighting the company’s strong market presence and product scalability. The order book mix shows a strong domestic focus with 96% from India and 4% from international markets. The company has also initiated multiple Proof of Concept (POC) engagements in North America and Asia-Pacific regions, further expanding its global footprint.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tejas Networks Limited
Tejas Networks Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.
Tejas falls 11.9% over three months and has not found a floor yet. Industry-leading margins of 70.4% reflect exceptional pricing power and operational efficiency. 5 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock holds at 52% of its 52-week range with RSI at 43. In other words, neither side has a clear edge right now. Revenue grows at 6.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Tejas Networks Limited.
Communication Equipment
Pace Digitek Limited (pacedigitk) Secures 115 Mwh Utility-scale BESS Project from BSES Rajdhani Power
Pace Digitek Limited (PACEDIGITK) secures 115 MWh utility-scale BESS project from BSES Rajdhani Power, marking fifth major BOO/BOOT storage win.
Pace Digitek Limited (NSE: PACEDIGITK) announced it has secured a 115 MWh utility-scale Battery Energy Storage System (BESS) project from BSES Rajdhani Power. This marks the company’s fifth major Build, Own, Operate, and Transfer (BOOT) storage project, significantly boosting its utility-scale BOO/BOOT portfolio to 3.32 GWh.
Project Details
The 57.5 MW/115 MWh BESS project will be developed under a 12-year BOOT model, with a capital outlay of approximately Rs. 179.4 crore. The project is slated for completion within seven months. Under the long-term Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of Rs. 47.05 lakh per MW per year, translating into annual contracted capacity revenue of Rs. 27.1 crore.
Strategic Growth
This award adds to Pace Digitek’s recent BESS wins, including a Rs. 488.6 crore order from NTPC GE Power Services Private Limited for a standalone BESS in September 2026. The company has been progressively building capabilities across the energy storage value chain, including BESS manufacturing, system integration, equipment supply, EPC execution, and long-term ownership and operation of storage assets. Since the end of Q1 FY2027, the company has secured Rs. 761 crore of additional orders, further strengthening its order visibility.
As a result, Pace Digitek intends to build on its manufacturing and execution capabilities and selectively expand its presence across the energy storage market. Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: “The BSES award is another important milestone in the development of our Energy business and marks our fifth utility-scale BOO/BOOT storage project. It reinforces the capabilities we have built across BESS manufacturing, project execution, and long-term asset operations. We remain focused on disciplined execution, scaling our manufacturing capabilities, and selectively building a portfolio of contracted energy infrastructure assets, while continuing to serve the evolving requirements of India’s power and renewable energy ecosystem.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Pace Digitek Limited
Pace Digitek Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.
Pace falls 25.1% over three months and has not found a floor yet. The PEG of 0.06 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 73.9% and profits at 175.1% CAGR. Both numbers are exceptional. The stock gains 1.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 73.9% and profits at 175.1% CAGR, with D/E of 0.00. Meanwhile, the stock dips 25.1% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Pace Digitek Limited.
Communication Equipment
Tejas Networks Limited Demonstrates 6G Integrated Sensing and Communications with Qualcomm at IMC 2026
Tejas Networks Limited (TEJASNET) and Qualcomm demonstrate 6G Integrated Sensing and Communications (ISAC) at India Mobile Congress 2026, showcasing transfor.
Tejas Networks Limited (NSE: TEJASNET) in collaboration with Qualcomm Technologies is demonstrating Integrated Sensing and Communication (ISAC) at the India Mobile Congress (IMC) 2026. As the industry looks beyond 5G and towards 6G, new technological frontiers are being explored to transform communication networks into intelligent digital infrastructure. Integrated Sensing and Communication (ISAC) is one such foundational technology, enabling next-generation wireless networks to function as pervasive radar systems for enhanced situational awareness.
Technology Demonstration
The joint demonstration highlights how ISAC can leverage communication signals to detect and track objects in the surrounding environment, such as moving vehicles on city roads and drones in strategic areas, without requiring dedicated sensing infrastructure. By combining connectivity, sensing, and AI-driven analytics, ISAC has the potential to create more adaptive, context-aware, and efficient digital infrastructure.
Industry Impact
Dr. Kumar N. Sivarajan, Chief Technology Officer of Tejas Networks, said, ‘ISAC is emerging as one of the most promising technology directions for future 6G networks.’ This ability to generate and monetize spatial intelligence also enables a significant new value proposition for mobile operators, extending their role beyond high-speed connectivity to providing real-time environmental insights for commercial and strategic use cases.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tejas Networks Limited
Tejas Networks Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.
Tejas falls 13.9% over three months and has not found a floor yet. Industry-leading margins of 70.4% reflect exceptional pricing power and operational efficiency. 5 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock holds at 49% of its 52-week range with RSI at 34. In other words, neither side has a clear edge right now. Revenue grows at 6.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Tejas Networks Limited.
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