Forget selling! FIIs doubled down on this AI multibagger stock that's up 200% YTD

•Foreign investors, or FIIs, have doubled their stake in HFCL to 15.7% in the June quarter, with the stock surging 200% YTD.

•HFCL's strong financial performance is driven by rising demand from hyperscale data centres, improved product realisations, and expanding export opportunities.

•The company is expanding its optical fibre and optical fibre cable capacities, and investing in AI data centre connectivity solutions, with a target revenue growth of 40% in FY27.