Short term swing trade (A): Technology stock | 5-6% target | Indian stock trading signal on 12 May 2026

NOTE

Closing Price: ₹148 (as of May 11, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

HFCL Limited is an Indian technology and telecom company that manufactures optical fiber cables, telecom networking equipment, defence communication products, and networking components. The company also provides network and system integration solutions for telecom, defence, and railway sectors. Founded in 1987, HFCL is headquartered in New Delhi, India.

Website: https://www.hfcl.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

HFCL Limited reported strong growth driven by optical fiber cable and telecom equipment execution, supported by India’s network expansion and global connectivity demand.
Export demand improved significantly during the quarter, increasing HFCL’s international market presence and diversifying revenue sources.
Management sees defence and secure communication systems as a major long-term growth opportunity due to rising government focus on local manufacturing.
A strong and growing order book provides better revenue visibility, while improved execution helped accelerate growth.
Profitability improved due to better product mix and operating leverage, though pricing pressure remains in some telecom projects.

Financial Highlights

KPI	March FY26	Dec FY25	QoQ Change	March FY25	YoY Change
Revenue	₹1,824 Cr	₹1,211 Cr	50.70%	₹801 Cr	127.80%
EBITDA	₹337 Cr	₹244 Cr	38.40%	-₹22 Cr	Turnaround
EBITDA Margin	18.50%	20.10%	-164 bps	-2.8%	+2,126 bps
PBT	₹229 Cr	₹137 Cr	66.90%	-₹104 Cr	Turnaround
Net Profit (PAT)	₹184 Cr	₹102 Cr	80.20%	-₹83 Cr	Turnaround
EPS (₹)	1.21	0.67	80.60%	-0.56	Turnaround

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

A broadening pattern has formed on the chart, and after rebounding from the support zone, the stock gained strong bullish momentum and is now moving toward the resistance level.
This signals the possibility of further upside movement ahead.

Working with an experienced positional stock trading advisor in India makes it easier to manage risk while riding medium-term trends.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	85.66	Overbought
CCI-14	141.51	Overbought
ROC	47.91	Positive
Stochastic %K	93.29	Bullish
MFI	90.34	Overbought
William %R	-5.7	Overbought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 DEMA	139.61	Above
10 DEMA	129.52	Above
20 DEMA	114.72	Above
50 DEMA	94.68	Above
100 DEMA	84.32	Above
200 DEMA	82.04	Above

Conclusion

HFCL Stock Price Forecast

Based on our sebi registered trading advisory in India, the HFCL price target will be INR 154 - INR 156 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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