Shares of HFCL dropped 5% to hit the lower circuit on Thursday, extending a 7% fall in two days as investors may have resorted to profit booking after the multibagger stock delivered a whopping 240% return so far in 2026. 16 on NSE on Thursday.

Despite the recent decline, the stock has gained around 7% in a week and 10% in a month. HFCL on Saturday released its annual report for FY26, reporting a sharp expansion in its order book and strong financial performance.

The company’s FY26 order book stood at Rs 21,206 crore, marking a sharp 113% year-on-year increase and signalling robust business momentum across its key segments.. Its revenue from operations increased nearly 22% year-on-year to Rs 4,949 crore, while EBITDA surged more than 63% YoY to Rs 827 crore.

13, reflecting the company’s improved profitability during the year. Technical view on HFCL share priceHFCL has been consolidating in a 257–218 range since the beginning of September, Sudeep Shah, Vice President of Technical and Derivatives Research at SBI Securities, noted.

He added that this consolidation follows a strong up move after the stock broke out of a downward-sloping trendline in early April. “Such consolidation following a strong up move is a normal technical pattern and can provide a base for the next directional move.

A decisive breakout on either side of the 257–218 range will provide further directional cues,” Shah concluded.. Debaroti Adhikary and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

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