News › Markets · 16 Oct 2026, 11:44 PM IST · 3 days ago

HFCL shares jump 277% in 2026 ahead of Reliance Jio IPO; Nuvama says buy rating. Check target price and Jio connection

Bias: Neutral 0

In one line — Nuvama initiated coverage of HFCL with a Buy rating and a ₹380 target, citing its shift toward telecom and networking products, strong order book, investment plans and opportunities in data centers and defence.

Bearish

Bullish

−10000 ●+100

Source: Mint · AI-summarised by Anadi · Updated 17 Oct 2026, 12:37 AM IST

What Happened

Nuvama initiated coverage of HFCL with a Buy rating and a ₹380 target, citing its shift toward telecom and networking products, strong order book, investment plans and opportunities in data centers and defence.