HFCL, Sterlite Tech shares jump 5%: What’s driving up to 705% multibagger run?
HFCL and Sterlite Technologies hit their upper circuits on Tuesday, extending their sharp 2026 rallies on strong business updates. HFCL has surged over 267% so far this year, while Sterlite Tech has delivered a staggering 705% return, making both standout multibaggers.
HFCL and Sterlite Technologies' shares surged 5% each, breaking into the upper circuit as positive financial reports and ambitious growth targets sparked investor enthusiasm. HFCL's order book expanded by 113% in 2026, indicating strong demand, while the company's revenue and profit both grew significantly. Sterlite Technologies announced plans to become a top global player in optical connectivity solutions and reached a revenue target of Rs 20,000 crore by 2029.
Both companies demonstrated capacity expansions and capital investments to fuel their growth strategies, driving their stocks to impressive returns of over 705% for Sterlite and more than 267% for HFCL in 2026 alone.
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