Nifty Share Price News Desk, 07 March 2026 Mumbai: HFCL Ltd., a leading telecommunications equipment and infrastructure company, is the talk of the market today. As it is Saturday, the NSE and BSE markets are closed, so the latest updates are based on the closing prices of Friday, 6 March 2026. On the NSE, the share closed at Rs 69.64, down 0.63% compared to the previous day. On the BSE, it was Rs 69.75. The share has seen a decline in the past few days, with over 13 million shares traded on 6 March.
Share price target and rating
Top broking firms have a positive outlook on HFCL shares. One analyst has set a target of Rs 146, indicating a 109% increase from the current price. Ventura Securities has recommended a buy with a target of Rs 163, although this is an old target. The share is expected to rise by 8.86% in the next three months, reaching a price of Rs 75.93. The company expects a revenue growth of 25-30% in FY26.
Financial situation
As of 7 March 2026, HFCL’s financial position appears strong. In Q3 FY26 ending December 2025, the company’s revenue was ₹1,210.79 crore, a YoY increase of 19.65%. EBITDA was ₹243.52 crore (20.1% margin) and PAT was ₹102.37 crore (8.4% margin). In 9M FY26, revenue was ₹3,125.15 crore and PAT was ₹144.99 crore. The market cap is around ₹10,664 crore, P/E is 206 and book value is ₹27. The company’s ROE is 7.70%, although sales growth over the past 5 years has been 1.15% lower.
Order book
By December 2025, HFCL’s order book is Rs 11,125 crore, which has increased from the previous quarter. In February 2026, the company received an order worth Rs 609.5 million (Rs 60.95 crore). This strengthens the revenue visibility, especially in the optical fibre and defence segments.
Latest news update
- Q3 FY26 results: The company showed strong performance, with revenue increasing by 19.65% to 1,210.79 crore and PAT rising by 41% to 102.37 crore. Export revenue is 27%.
- Investor Meet: In March 2026, JM Financial will participate in the Data Center Day (9 March) and India Connect Conference (11 March).
- Orders and expansion: Export orders worth 6.56 billion rupees were received in February. Optical fibre capacity will be increased to 33.9 million fibre kilometres by June 2026.
- Market trend: The share fell by 17% last year, but improvement is expected in the future due to the increase in order book and exports.
HFCL maintains a strong position in the telecommunications and defence sector, even though there are concerns about rising debt and interest coverage. Investors should consider market fluctuations.
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