Mumbai News, 03 March 2026: Mumbai, 3 March 2026: The Indian stock market showed an overall negative trend on Tuesday. On the National Stock Exchange (NSE), the Nifty 50 index fell by 312.95 points or 1.24% to close at 24,865.70. This drop kept overall market sentiment negative, with 633 shares rising, 2,573 shares falling and 77 shares remaining unchanged. Top gainers included BEL (up 2.13%), Hindalco (up 1.70%) and Sun Pharma (up 0.93%), while top losers were Indigo (down 6.09%), LT (down 5.24%) and Adani Ports (down 3.43%). Other key indices saw the Nifty Next 50 down 1.52% and the Nifty Midcap 100 down 1.58%.
Although clear information on the Sensex index on the Bombay Stock Exchange (BSE) is not available, like the NSE, there is overall pressure in the market. The market has been seeing ups and downs for the past few days due to global economic uncertainty and domestic factors.
HFCL Limited’s share price and performance
HFCL Limited (formerly Himachal Futuristic Communications Limited) is a telecommunications equipment manufacturing company. As of 2 March 2026, HFCL’s share price on NSE and BSE was ₹67.29, down ₹1.39 or 2.02% from the previous closing price of ₹68.68. During the day’s trading, the share price ranged between ₹64.50 and ₹68.13. The company’s market cap is around ₹105.38 billion, while the enterprise value is ₹112.74 billion. This suggests the company’s total debt is around ₹7.36 billion (based on the difference between enterprise value and market cap).
Regarding returns for investors, the company’s EPS (earnings per share) is 0.36 rupees, the PE ratio is 186.92 and the dividend yield is 0.10 rupees (0.15%). Although clear figures for the company’s ROE (return on equity) are not available, the shares saw a 9.3% increase last month, giving investors a good return. However, some inconsistencies have been noted in the company’s financial position.
Other news related to HFCL Limited
HFCL Limited has recently shown strong financial performance. In December 2025 (Q3 FY26), the company’s consolidated net sales were 1,210.79 crore rupees, up 19.65% compared to the previous year. Profit after tax (PAT) was 102.37 crore rupees, up 42.3% from the last quarter. The export ratio has increased to 27%, with new export orders amounting to around 192 million dollars.
In February 2026, the company started a research collaboration with IIT Delhi to develop hollow-core fibre (HCF), which will reduce India’s dependence on imported optical technology. Also, on 17 February, it got an order for optical fibre cables worth 61 crore rupees, boosting its shares by 5%.
Discussions about the company are ongoing on X (formerly Twitter). The company’s management will participate in JM Financial’s ‘Data Center Day’ on 9 March and Arihant Capital’s ‘India Connect Conference’ on 11 March, where business updates and industry discussions will take place. Also, the promoter group’s shareholding has dropped to 28.29%. Some analysts have noted buying in the shares and that it is weak below 59 rupees.
In December 2025, the company raised funds through QIP, which led to a 4% rise in shares. Overall, HFCL is showing strong growth in the telecom sector, but investors should remain cautious due to market uncertainty.
Disclaimer:
NiftySharePrice.com stock market news is based solely on publicly available, authentic data sources like NSE – BSE and SEBI-authorized brokers & analysts. Investing in the stock market involves risk. So, do your own research and consult your authorized advisors before investing.
