AIET Techabout 2 hours ago
Nuvama Upgrades HFCL Stock Target to Rs 380
3 min read
Brokerage Nuvama initiates a buy call on HFCL with a target price of Rs 380, implying 56% upside. The firm forecasts EBITDA rising from Rs 762 crore in FY26 to Rs 3,599 crore by FY29, driven by AI demand for optical fibre and a proposed defence acquisition. Analysts cite a shift toward products accounting for 65% of the order book.
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