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HFCL Limited (NSE: HFCL) gains 5% intraday despite breakdown

HFCL Limited (NSE: HFCL) rises 5% intraday to ₹193.92, showing a bounce despite the 6M trendline status being in breakdown. Not a breakout.

adit chauhan author tradealone

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HFCL Limited NSE HFCL intraday gains

HFCL Limited (HFCL) recovered intraday by +5% to ₹193.92 on the NSE on 31 Jul 2026, despite its 6M trendline status showing a breakdown. The stock’s bounce today can be attributed to the positive momentum following the recent Q4FY26 concall, where the company reported its highest ever quarterly revenue and profitability, along with a strengthened order book. HFCL, a player in the technology sector specializing in communication equipment, saw its stock move align more with company-specific developments rather than broader sector trends.

Technical setup — trendlines & DMA

The current 6M trendline structure for HFCL shows a breakdown, with the stock trading below both its 6M support trendline at ₹237.32 and its resistance trendline at ₹240.48. Despite this weak structure, the 50-DMA at ₹196.7 is above the 200-DMA at ₹108.5, indicating a bullish trend but suggesting the stock is in recovery mode rather than extended growth. Currently, HFCL is trading in the upper third of its 52W range of ₹59.8–₹229.5, reflecting a significant portion of its potential move might already be priced in.

6M Trendline — Intraday Snapshot
BREAKDOWN₹100₹150₹20020 Apr25 May29 Jun31 Jul

Snapshot: ₹193.92 on 2026-07-31 (chart frozen at publication)

Fundamentals & business context

With a PE of 46.8 and profit margins at 9.6%, HFCL’s valuation appears stretched relative to its current earnings, especially given its modest revenue CAGR of 1.5%. This suggests the market might be pricing in expectations of a turnaround or future growth that isn’t yet reflected in its financials. Institutional ownership at 17.8% indicates a cautious approach by smart money, possibly due to the company’s slow revenue and profit growth over the past five years. There was no specific NSE catalyst today, but the recent concall provided significant insights into the company’s performance and outlook.

HFCL
Holdings Analysis
Key strengths & risk signals
56
Overall
33
Fundamental
79
Technical
Risks (1)
OVERVALUED! PEG of 55.58 means expensive relative to growth rate.
Strengths (3)
BULLISH TREND! 50-day average (232.8) is above 200-day average (153.0) - positive signal.
EXCELLENT YEAR! Stock gained 223.1% in the last year.
STRONG! Trading at 90.8% of 52W range - near yearly highs.

Algorithmic scorecard

HFCL’s overall algorithmic scorecard reflects a technically strong but fundamentally weak profile. Two of the strongest signals are the bullish trend indicated by the 50-DMA above the 200-DMA and the stock’s excellent performance over the last year, gaining 151.4%. These signals suggest underlying strength and positive momentum. However, the company faces significant risks from its low profit margin of 9.6% and being overvalued with a PEG of 39.00, indicating it is expensive relative to its growth rate. These weaknesses highlight the need for cautious optimism regarding HFCL’s future performance.

Fundamental & Technical AnalysisNSE: HFCL
56Overall
33Fundamental
79Technical
Growth Quality10 / 30
Revenue CAGR: 1.3% (SLOW, 5/15). Profit CAGR: 1.2% (SLOW, 5/15).
Profit Margin3 / 10
LOW MARGIN! 9.6% profit margin - thin profits.
PEG Valuation0 / 10
OVERVALUED! PEG of 55.58 means expensive relative to growth rate.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0.08% yield - little to no income.
Debt / Equity8 / 10
LOW DEBT! D/E of 0.37 - strong balance sheet.
Public Holding5 / 20
TOO MUCH PUBLIC HOLDING! 50.19% public ownership - higher volatility risk.
Stability4 / 10
CAREFUL! Company does not have stable profit track. 2 loss-making quarters detected.
Moving Averages12 / 10
BULLISH TREND! 50-day average (232.8) is above 200-day average (153.0) - positive signal.
Price Position8 / 10
STRONG POSITION! Current price (256.0) is above both moving averages.
Trend Pattern10 / 20
Current trend: CONSOLIDATION
52W Performance10 / 10
EXCELLENT YEAR! Stock gained 223.1% in the last year.
Volume Sentiment25 / 30
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 8,375,793 vs down days: 5,729,618. Ratio: 1.46x
RSI3 / 5
NEUTRAL! RSI at 57.4 - balanced momentum.
52W Range5 / 5
STRONG! Trading at 90.8% of 52W range - near yearly highs.
Momentum3 / 5
MIXED MOMENTUM! Price growth is inconsistent - -1.7% (1 week), 20.2% (1 month), 20.1% (3 months).
Beta / Volatility3 / 5
MARKET ALIGNED! Beta of 1.00 - moves with the market.

Company outlook

HFCL’s recent Q4FY26 concall revealed several strengths, including the highest ever quarterly revenue, profitability, and a strengthened order book of approximately ₹26,665 crore. The company also reported an EBITDA margin of more than 23.25% in the very first quarter, indicating strong operational efficiency. However, a weakness noted was that defence revenue would mostly be local. The company is also progressing well with its expansion plans for Optical Fibre and Optical Fibre Cable manufacturing capacities, which are expected to be completed by December 2026.

Management provided an optimistic outlook for FY27, targeting revenue growth of 40% and above with EBITDA margins of over 20%. These margins are expected to be sustainable, not based on any one-time large execution of an order. The defence business is expected to generate meaningful order inflows, with a revenue target of approximately ₹500 crore during FY27. The company plans significant expansions in Optical Fibre and Optical Fibre Cable manufacturing capacities, setting up a greenfield preform manufacturing facility, and increasing capacity for connectivity products by 5x. Total capex for this year is targeted at INR640 crores, with INR615 crores planned for the next year.

Get all details on HFCL — P&L, peers, shareholding and more on TradeAlone.

Communication Equipment

Hfcl Limited Q3 FY26: Revenue Surges 15%, PAT Grows 20%

HFCL Limited (NSE: HFCL) reports a 15% revenue surge and 20% PAT growth in Q3 FY26, audited by S Bhandari & Co LLP.

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Hfcl Limited NSE Q3 FY26 Results

HFCL Limited (NSE: HFCL) has reported its financial results for Q3 FY26, showcasing a 15% surge in revenue and a 20% growth in PAT. The company’s performance has been audited by S Bhandari & Co LLP, ensuring the accuracy of these figures.

Revenue and PAT Growth

The telecom giant has managed to boost its revenue by 15% compared to the same period last year, reflecting strong market demand and effective business strategies. Moreover, the PAT has grown by 20%, indicating improved profitability and operational efficiency.

Auditors’ Review

The financial results have been reviewed by S Bhandari & Co LLP, who conducted their review in accordance with the Standard on Review Engagements (SRE) 2410. This review provided moderate assurance that the financial statements are free from material misstatements.

Forward-Looking Statement

As HFCL Limited continues to innovate and expand its market presence, the company remains optimistic about sustaining its growth trajectory in the upcoming quarters.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HFCL Limited

HFCL Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

HFCL
Technology › Communication Equipment
CONSOLIDATION
32
Fundamental
78
Technical
56
Overall

1W -1.69%
1M +20.24%
3M +20.1%
P/E: 66.7 Cap: Large
AI-Powered Analysis • TradeAlone
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HFCL gains 20.1% over three months and trades near its 52-week highs. The PEG stands at 55.58 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 9.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 20.1% in three months. Yet revenue grows at only 1.3% and the PEG stands at 55.58. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of HFCL Limited.

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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.

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Tejas Networks Limited Tejasnet Q2 FY27 Results

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 › sector. Here’s a quick read on where the business and the stock stand today.

TEJASNET
Technology › Communication Equipment
CONSOLIDATING DOWN
36
Fundamental
66
Technical
51
Overall

1W +6.16%
1M -7.78%
3M -11.9%
Cap: Mid
AI-Powered Analysis • TradeAlone
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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.

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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.

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Pace Digitek Limited Pacedigitk Secures 115 Mwh BESS Project

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 › sector. Here’s a quick read on where the business and the stock stand today.

PACEDIGITK
Technology › Communication Equipment
BREAKOUT
82
Fundamental
68
Technical
75
Overall

1W -1.58%
1M +6.57%
3M -19.54%
P/E: 10.6 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

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.

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