HFCL has emerged as a favourite among foreign investors, with FIIs more than doubling their stake to 15.7% in Q1 despite the stock surging 200% in 2026. Strong AI-driven data centre demand, record order book, robust earnings, capacity expansion and growing defence ambitions have prompted brokerages to turn bullish, with Deven Choksey seeing another 75% upside.
HFCL has emerged as a favourite among foreign investors, with FIIs more than doubling their stake to 15.7% in Q1 despite the stock surging 200% in 2026. Strong AI-driven data centre demand, record order book, robust earnings, capacity expansion and growing defence ambitions have prompted brokerages to turn bullish, with Deven Choksey seeing another 75% upside.
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