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HFCL hits 52-week high as ₹84-crore OFC order adds to a red-hot rally
Shares of HFCL Limited touched a fresh 52-week high of ₹133.15 on the NSE on Tuesday morning, extending a powerful run that has seen the stock nearly double this year. At 11.43 am, the stock was trading at ₹132.28, up 4.95 per cent from its previous close of ₹126.04, on unusually heavy volumes of over 815 lakh shares with a traded value of ₹1,062.98 crore.
The immediate trigger was the announcement from Monday in which HFCL and its material subsidiary HTL Limited disclosed purchase orders worth approximately ₹84.23 crore (inclusive of GST) from a leading private domestic telecom operator for the supply of optical fiber cables. The orders are to be executed by August 2026. The company did not name the client. The orders were received in the ordinary course of business and involve no related-party interest.
HFCL surged over 57 per cent in April alone, on course for its biggest monthly gain in more than five years. Year-to-date, the stock has returned nearly 93 per cent, vastly outperforming the Nifty 500’s negative YTD return of approximately 5 per cent. Over one year, it has gained about 65 percent.
The broader rally has been underpinned by strong fundamentals. HFCL reported Q4 FY2026 revenue of ₹1,824.12 crore, a 127.8 per cent year-on-year increase, and a profit after tax of ₹184.45 crore — a complete turnaround from a loss in the same quarter last year.
The stock’s P/E stands at 58.72 with a total market capitalization of ₹20,280.48 crore as of Tuesday morning. Sell-side pressure currently outweighs buyers, with 63.12 per cent of total quantity on the sell side versus 36.88 per cent on the buy side, suggesting some profit-booking at these elevated levels.
Published on May 5, 2026
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Iran says US military killed five civilians in attacks on passenger boats | US-Israel war on Iran News
Iranian commander says US military attacked two passenger boats, not IRGC vessels, in the Strait of Hormuz on Monday.
Iran has accused the United States of killing five civilians in the Strait of Hormuz, saying its forces attacked passenger vessels in the waterway rather than boats belonging to the Islamic Revolutionary Guard Corps (IRGC) as claimed.
The claim on Tuesday contradicted a statement by US Admiral Brad Cooper, who said Central Command forces had sunk six IRGC vessels that had attempted to interfere with a US mission to escort stranded ships out of the Strait of Hormuz.
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list of 4 itemsend of listUS President Donald Trump later put the number at seven boats.
The US operation, dubbed “Project Freedom”, has shaken a fragile ceasefire reached between Iran and the US on April 8 and renewed fears of a return to war.
Iran’s state broadcaster IRIB quoted an unnamed Iranian military commander as saying that Tehran launched an investigation following the US claim of attacks on IRGC vessels.
It said while none of the IRGC vessels was hit, the investigation found that US forces had “attacked two small boats carrying people on their way from Khasab on the coast of Oman to the coast of Iran on Monday”.
The attacks destroyed the boats and killed five civilian passengers, the commander said. The US “must be held accountable for their crime”, the commander added.
There was no immediate comment from the US military.
The violence comes as Trump seeks to reopen the Strait of Hormuz, which Iran has effectively blockaded following the US and Israeli attacks on the country on February 28.
The closure of the vital maritime corridor – through which roughly one-fifth of the world’s energy supplies flow – has sent oil and fertiliser prices surging around the world and prompted fears of a global recession and food emergency.
Iran is now insisting on maintaining control over the Strait of Hormuz and collecting transit fees as reparations for the destruction caused by the US and Israel.
Attacks on UAE, ships in Hormuz
The Iranian military on Monday warned commercial vessels they would “jeopardise their safety” if they attempted to cross the waterway without permission. The military also warned US forces would face attacks if they approached or entered the chokepoint.
Amid the tensions, the United Arab Emirates said Iran launched a drone attack on one of its oil tankers that attempted to transit the strait and said Iranian forces launched 15 ballistic missiles and four drones at its territory.
UAE authorities said the attacks set off a large fire at a major oil refinery in the eastern emirate of Fujairah and wounded three Indian nationals.
A South Korean vessel in the Strait of Hormuz, the HMM Namu, also reported an attack, saying an explosion had caused a fire in its engine room.
Nonetheless, the US military said two US-flagged ships made it through the strait on Monday with the support of navy guided-missile destroyers.
The IRGC denied the claim as “baseless and completely false”, but the global shipping firm Maersk said the US-flagged Alliance Fairfax exited the Gulf via the Strait of Hormuz accompanied by the US military on Monday.
Iran’s Foreign Minister Abbas Araghchi said the events in Hormuz on Monday “make clear there’s no military solution to a political crisis”.
He said in a post on X that peace talks with the US were “making progress” with Pakistan’s mediation and that Washington “should be wary of being dragged back into quagmire by ill-wishers”.
“So should the UAE,” he added. “Project Freedom is Project Deadlock.”
Meanwhile, Trump has renewed his threats against Iran.
He told Fox News Iran would be “blown off the face of the Earth” if they attacked US vessels carrying out Project Freedom.
“We have more weapons and ammunition at a much higher grade than we had before,” he said.
“We have the best equipment. We have stuff all over the world. We have these bases worldwide. They’re all stocked up with equipment. We can use all of that stuff, and we will, if we need it.”
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Bengal: Swarupnagar TMC candidate’s house vandalized, Bina Mondal accuses BJP of violence – TMC Candidate Bina Mondal House Ransacked By Goons Car Damaged In West Bengal Bongaon Swarupnagar Accused BJP
After BJP got a huge majority in the West Bengal Assembly elections, there have been reports of vandalism and uproar at many places. At the same time, the house of Bina Mandal, the Trinamool Congress candidate who won from Swaroopnagar assembly seat, has been attacked. It is being told that in Bongaon the mob vandalized Bina Mandal’s house and also damaged her car.
TMC’s newly elected MLA Bina Mandal has accused BJP workers of sabotage and attack. TMC leader Abhishek Banerjee has also alleged violence at many places after the results of West Bengal Assembly elections.
Abhishek Banerjee made serious allegations against BJP
Abhishek Banerjee claimed widespread violence after the election results, saying that BJP supporters vandalized 300 to 400 party offices across the state in the name of celebrations. He also claimed that the house of victorious TMC candidate Bina Mondal in Swarupnagar in North 24 Parganas district was vandalized and her car was damaged.
Election Commission strict on reports of violence
The Election Commission has taken a very strict stance on the reports of violence after the completion of the voting process in West Bengal. The Commission on Tuesday gave clear instructions to the state administration that any kind of violence after the elections will not be tolerated at all. The Election Commission has ordered state Chief Secretary Dushyant Nariyala, DGP Siddha Nath Gupta and Central Armed Police Forces to adopt a policy of zero tolerance.
Strict action will be taken against those who disturb peace
News agency PTI, quoting a senior official, reported that clear instructions have been issued to maintain peace and order. “Any attempt to disturb peace will be dealt with sternly,” the officer said. The Election Commission has asked all concerned authorities to take decisive action against post-poll violence. No matter who the person involved is, no leniency will be shown towards him.
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