HFCL's stock has seen a remarkable rise of over 57% in April 2026, positioning it for its largest monthly gain in over five years. The stock previously recorded a 63% gain in May 2021. Analysts from Geojit have projected a target price of ₹150 for HFCL in the next three to six months, representing a potential upside of about 40% from its last closing price. This optimism is driven by a robust order book, which stood at ₹11,125 crore as of Q3FY26, along with two significant orders worth approximately ₹11,525 crore secured in March and April. HFCL's expansion into the defense sector is also noteworthy, with expected revenues of ₹400-500 crore in FY27, scaling to over ₹1,000 crore by FY28. The company's focus on high-demand areas such as AI data centers and 5G technology further supports its long-term growth outlook. Additionally, technical indicators show a bullish trend, with the stock breaking out from a cup base formation, suggesting a favorable risk-reward profile for investors.