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HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside

Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, against its reference price of Rs 244. The brokerage expects the company’s shift towards telecom and networking products, along with rising demand from data centres and exports, to drive strong earnings growth.HFCL has been moving away from its earlier focus on turnkey contracts towards optical fibre, telecom products and data centre connectivity. Products accounted for 83% of revenue in Q1FY27, compared wit…

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Economic TimesLean R·3h ago
HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, against its reference price of Rs 244. The brokerage expects the company’s shift towards telecom and networking products, along with rising demand from data centres and exports, to drive strong earnings growth.HFCL has been moving away from its earlier focus on turnkey contracts towards optical fibre, telecom products and data centre connectivity. Products accounted for 83% of revenue in Q1FY27, compared wit…
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HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside

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HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside

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