HFCL shares jump 277% in 2026 ahead of Reliance Jio IPO; Nuvama says buy rating. Check target price and Jio connection

HFCL shares have surged 277% in 2022 ahead of Reliance Jio's IPO. Nuvama has initiated coverage of HFCL with a Buy rating and a ₹380 target, citing its shift toward telecom and networking products, strong order book, investment plans, and opportunities in data centers and defense.