Cable Sector

Benchmark indices ended range-bound on May 27, 2026, with Nifty and Sensex closing marginally lower amid profit booking, geopolitical concerns, and weakness in financial stocks led by HDFC Bank. Strong gains in metal, media, energy, and auto stocks helped limit market losses despite cautious investor sentiment.

HFCL stock jumped sharply after the company secured a ₹135.09-crore RailTel contract for maintaining secure defence communication networks and data centres for Indian defence forces till 2031.

The AI infrastructure boom has rewritten the investment narrative for India’s fibre and telecom infrastructure sector. As hyperscalers commit over $700 billion in annual AI capex, Indian fibre makers are moving from commoditised telecom suppliers to strategic AI infrastructure partners. This report examines the mechanics behind the sector’s re-rating — from fibre architecture shifts and supply-chain bottlenecks to billion-dollar order books, valuation framework changes, and the risks investors must still weigh.

Sterlite Technologies rallied to a new 52-week high after securing a ₹10,622 crore multi-year AI data centre connectivity deal from a US hyperscale client. Backed by strong momentum in AI optical networking, hyperscale infrastructure spending, and robust revenue visibility, the stock has emerged as one of the biggest multibaggers of 2026.

Dalal Street witnessed a powerful broad-based rally on May 25, 2026, as easing geopolitical tensions, a sharp fall in crude oil prices, and strong Q4 earnings lifted investor confidence. Sensex gained over 1,073 points while Nifty crossed the 24,000 mark, led by PSU Banks, Private Banks, Auto, and Infrastructure stocks. Eicher Motors and Adani Enterprises emerged among the key market movers amid strong earnings and improving regulatory visibility.

HFCL share price dropped nearly 5% on May 18 despite winning a ₹106.19 crore export order. Profit booking, geopolitical tensions, and supply chain worries impacted investor sentiment.

Polycab India touched a new 52-week high of ₹9,239 after posting record Q4 FY26 results. Strong growth in the wires & cables segment, rising market share, robust FMEG performance, and positive long-term growth outlook boosted investor sentiment.

V-Marc India shares surged after the company approved a 5:1 bonus issue and reported stellar FY26 results. Revenue nearly doubled to ₹1,797 crore, while net profit jumped 177% YoY. The company also unveiled aggressive expansion plans with ₹500 crore capex through FY30.

Polycab India shares rallied after strong Q4 results that beat expectations, driven by 27% revenue growth, rising market share in cables & wires, and a FMEG turnaround. Backed by multiple brokerage upgrades and a strong capex pipeline, the company continues to strengthen its long-term growth outlook despite near-term margin mix concerns.

HFCL Limited has surged to a new 52-week high, backed by strong earnings growth, fresh order wins, and bullish market momentum. While fundamentals remain solid, elevated valuations and signs of profit booking suggest caution. Here’s a balanced view on what’s driving the rally and how investors should approach the stock.