HFCL share price has lost more than 4% during the morning market session on Monday, May 18, even though the company over the weekend secured a ₹106.19 crore ($11.07 million) optical fibre cable supply order from an international client, according to an exchange filing.
The shares of HFCL were subject to the continued impact from profit booking after the stock hit its 52-week high last week on Thursday, May 14. The trading volumes crossed 25 million on Monday's market session.
As of 11:07 pm, HFCL shares were trading 4.8% lower at ₹140.75, compared to ₹147.89 at the previous market close, as per NSE data.
Trendlyne data showed that the company's stock was also subject to an impact from the West Asia conflict due to the supply chain-linked costs and raw material pressures.
In the NSE filing, HFCL disclosed that the company will supply optical fibre cables to an unnamed international client, using an overseas wholly-owned subsidiary, for a payment of the agreed contract value.
"We are pleased to inform all stakeholders that the Company has secured export order worth ~ $11.07 million (equivalent to ₹106.19 crore, for the supply of optical fiber cables, through its overseas wholly owned subsidiary, from a renowned international customer," HFCL informed the stock exchanges on Saturday, May 16.
According to the exchange filing, the company said that the supply order as per the customer's is set to be executed by August 2026.
HFCL share price trend
HFCL shares closed 2.44% lower at ₹147.89 after Friday's trading session, compared to ₹151.59 at the previous market close, according to NSE data. The company announced its order update on Saturday midnight.
Shares of HFCL have delivered more than 255% returns in the last five years, over 125% gains in the last three years, and more than 66% returns in the past one year, as per the exchange data.
So far in 2026, the company's stock has gained 104% year-to-date and 47% in the past one month. However, the stock has lost 4.8% in the last five trading session basis.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.