HFCL bags $73M export order as stock plunges 47% in 1 year

• HFCL received a $73 million (Rs 656.1 crore) export order for optical fiber cables from an international customer.
• The order is scheduled to be completed by November 2026.
• HFCL's stock has fallen 47% in the last year, hitting a new year-low on Friday.
• Kotak Mahindra Mutual Fund recently purchased a 0.5% stake in HFCL for Rs 58.8 crore at ₹78.45 per share.

Why It Matters: HFCL's $73M export order could signal a turnaround for its struggling stock.