Summary
Shares of optical fibre manufacturers HFCL and Sterlite Technologies surged 5% each, hitting the upper circuit on Tuesday, driven by strong business updates and impressive financial performance. HFCL's FY26 annual report showed a 113% increase in its order book to Rs 21,206 crore and significant growth in revenue, EBITDA, and profit after tax. Sterlite Technologies outlined plans to become a top-five global player in optical connectivity solutions, targeting Rs 20,000 crore revenue by FY29, and approved a Rs 3,000 crore capital expenditure for capacity expansion.
