HFCL, MTAR Technologies, Sterlite Tech shares hit 5% lower circuits
BSE moved lower.
· Business Standard Mkts
Despite the recent correction, thus far in calendar year 2026, the market price of STL (up 664%), MTAR (up 171%) and HFCL (up 151%) have more than doubled, against a 11.6% decline in the BSE Sensex.
The analysis
BSE reported movement of 5%, 664% and 171%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.0% on the day at ₹219.73, and has returned +25.2% over three months. It sits 19% below its 52-week high. The telecom & media sector has moved +0.9% over the same period, so HFCL is running 24.3 points ahead of its peers.
For HFCL, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: HFCL (HFCL), in Telecom & Media.
- On the day, 0 of 2 are higher: Mtar Technologies leads at -5.0% and HFCL trails at -5.0%.
- Over three months: HFCL +25.2% against Telecom & Media +0.9% (24.3 points ahead); Mtar Technologies +25.4% against Defence & Aerospace -1.7% (27.1 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HFCLHFCL · Telecom & Media | ₹219.73 | -5.0% | +1.9% | +25.2% | -19.2% | 0.3× | — |
| Mtar TechnologiesMTARTECH · Defence & Aerospace | ₹6,496.50 | -5.0% | -12.3% | +25.4% | -22.4% | 1.4× | — |
Telecom & Media
1M -0.2% · 3M +0.9%
HFCL
Defence & Aerospace
1M -7.5% · 3M -1.7%
Mtar Technologies
Prices as of 2 Nov 2026, 14:55 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Mid Smallcaps under pressure; Suzlon, Swiggy, STL, HFCL slip up to 10%
PSU, CPSE stocks in demand: ITI, Engineers India zoom up to 19%; here's why
Zen Technologies shares rally 9% after Q2 profit rises 51% YoY, revenue nearly doubles
GIFT Nifty up 172 pts; RIL, Jio Platforms, BEL, EAAA India, BoB, autos among top stocks in focus
WATCH: First glimpse of how India's first indigenous bullet train is being built