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Listen to this article in summarized format Given the expectation of a multi-fold rise in revenue and profits over the next five years, the stock has undergone a valuation rerating with the current trailing P/E at 64 compared with a five-year average of 39. However, weak market sentiments and rising geopolitical uncertainties may affect its short-term performance on bourses. Read more: Sebi to partly reverse derivative settlement rules after pushback: Report Rising demand from the global AI ecosystem, diversified product portfolio, and expanding export markets have been key growth drivers for the company. To meet the demand, the company has undertaken capacity expansion thereby increasing the optical fibre capacity to 34 million kilometres (km) from 28 million km and that of the optical fibre cable to 43 million km from 34 million km. As a part of its strategy to integrate backwards, it has undertaken a project to set up a preform (high-purity glass rod) manufacturing facility with annual capacity of 300 tonnes by July 2029 at a cost of ₹580 crore. Read more: PTC shares soar nearly 34% after Schneider Electric agrees to $22.6 billion buyout Apart from the fibre optics segment, HFCL has diversified into the defence sector, which had an order book of ₹2,300 crore at the end of June. In the June quarter, it started setting up ammunition manufacturing complex to produce multimode hand grenades, electronic fuses and related products. Its defence portfolio also includes products and solutions pertaining to surveillance radars, thermal imaging, and tactical communication. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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