Shares of HFCL Ltd. continued their upward momentum on Wednesday, extending gains for a second consecutive session after the company announced a fresh order win through its subsidiary. The stock rallied after investors reacted positively to the new business development in the optical fibre segment.

According to a stock exchange filing, HTL Ltd., a material subsidiary of HFCL, has secured orders worth ₹84.23 crore for the supply of optical fibre cables. The company stated that the supplies are scheduled to be completed by August, indicating a short-term execution timeline for the order.

Following the announcement, HFCL shares surged sharply during intraday trade, rising as much as 5.6% to touch ₹136 per share. The stock remained firmly in positive territory through the session, extending the previous day’s rally driven by similar optimism around order inflows.

Also Read: Nifty and Sensex Rise 0.6% as Trump Signals Iran Deal Progress; Oil Prices Ease

By 10:52 a.m., the stock was still trading 3.9% higher, showing sustained buying interest. In comparison, broader market indices also traded in the green, with the NSE Nifty 50 up 0.33% at the same time, suggesting a mildly positive sentiment across equities.

Market participants attributed the stock’s momentum to continued interest in telecom infrastructure companies, particularly those benefiting from ongoing optical fibre deployment and network expansion projects. Order wins in this segment are often viewed as indicators of stable revenue visibility for such firms.

Despite the positive movement, analysts typically caution that short-term stock rallies driven by order announcements may depend on execution timelines and margin performance. Investors are expected to closely track upcoming quarterly results and order execution updates for further cues on HFCL’s operational performance.

Also Read: Brent Crude Trades Near $114 After US-Iran Exchange Raises Supply Concerns