HFCL, Sterlite Tech shares jump 5%: What’s driving up to 705% multibagger run?

Shares of optical fibre manufacturers HFCL and Sterlite Technologies jumped 5% each to hit the upper circuit on Tuesday, extending sharp gains as strong business updates boosted investor sentiment for the two multibagger stocks.

HFCL shares remained locked in the 5% upper circuit at Rs 255.16 apiece on NSE. The stock has rallied more than 267% in 2026 so far, even as the broader Nifty 500 index has dropped 3%. The shares of the company have jumped 7% in one week and 22% in a month.