Whalesbook
HFCL's stock reached a new 52-week high on Thursday, May 7, marking a significant surge. The share price has jumped nearly 96% since April and delivered over 100% returns year-to-date.
This strong performance is driven by HFCL's record financial results. For FY26, the company reported a 90% jump in Profit After Tax (PAT) to ₹329.44 crore, compared to ₹173.26 crore in FY25. Its order book now exceeds ₹21,000 crore, strengthened by recent wins such as an ₹84.23 crore order for optical fibre cables from a major private telecom operator. HFCL's expanding Defence and Aerospace platform also points to future growth.
Meanwhile, Tejas Networks, a key player in telecom equipment and optical networking, has also seen significant stock appreciation. Its shares rallied over 31% in May, breaking out from a multi-month pattern. On Thursday alone, the stock jumped nearly 18% on high trading volumes.
AI and Data Center Demand Fuels Growth
Tejas Networks' order book reached ₹1,514 crore, a 49% annual increase. This performance was achieved despite a reported loss of ₹211 crore and lower revenue in the quarter ending March 31, 2026, attributed to project delays. The company is experiencing strong demand for its advanced 400G and 800G optical fibre solutions, essential for 5G backhaul, enterprise connectivity, and growing data centers.
Arnob Roy, Managing Director and CEO of Tejas Networks, spoke about the future. "The data center connectivity will go to multi-terabit scale, which is already scaling up to that level, but is going to scale up significantly to provide for the AI cloud interconnect," he stated. Tejas Networks is engineering its platforms for future networks that can handle advanced traffic capacities and evolve towards 5G-Advanced and 6G. Its high-capacity optical solutions are designed to scale well beyond 1.2 terabits per channel, supporting the terabit-scale data center needs for AI applications.
As the telecom sector rapidly advances towards higher capacities, AI-driven cloud interconnects, and next-generation data center infrastructure, companies like Tejas Networks are poised for significant growth. Their focus on future network demands is attracting continued investor interest.