Sterlite Technologies

Despite of the recent correction, thus far in the calendar year 2026, the stock price of Sterlite Technologies has skyrocketed 690%, while HFCL has zoomed 142%.

Broadband technology company Sterlite Technologies has said it aims to grow the company's revenue manifold to Rs 20,000 crore by FY29. Sterlite Technologies Ltd (STL) posted consolidated revenue from operations of Rs 4,745 crore in the financial year 2025-26, according to a regulatory filing. "Today, we are very proud to announce Lakshya, STL's growth ambition for FY29. Under Lakshya, we're targeting Rs 20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity," STL Managing Director Ankit Agarwal said in an investor meet held on September 3. According to the transcript of the meeting shared by the company, Agarwal said that the ambition of project Lakshya is to transform the scale and position of STL, build on the strength of the company's core, stronger economics, deeper customer relationships, and a larger role in the world's rapidly expanding digital infrastructure. He said that there are now more places where optical ...

Sterlite Technologies is targeting ₹20,000 crore revenue by the FY29 vs ₹4,750 crore FY26 - roughly 4x growth and EBITDA margin targeted to rise from 13% in FY26 to >27% in FY29.

Broadband technology company Sterlite Technologies Ltd has raised Rs 1,500 crore through a qualified institutional placement to primarily de-leverage debt and pursue the next phase of growth, the company said on Monday. The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement. The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others. "STLhas raised Rs 1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others," the company said. The proceeds from the QIP will be primarily utilised to substantially de-leverag

Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.

As of Friday, June 5, Sterlite Technologies rallied 468 per cent, while HFCL surged 163 per cent in the calendar year 2026.

Leading the AI rally is Sterlite Technologies, up over 530% this year after securing a $1.1 bn US hyperscaler contract; Peers HFCL and MTAR Technologies have gained 191% and over 200%, respectively

The stock price of the telecom equipment & accessories company was frozen at the upper circuit for the ninth straight trading day, surging 55 per cent during the period.

According to NSE data, Sterlite Technologies shares have more than doubled in less than two months. From the levels of ₹231.22 on April 10, the counter has delivered multibagger returns to investors.

Sterlite Technologies share price was locked in the 5-per cent upper circuit for a fourth straight trading day

Sterlite Technologies rallied 9% to ₹172.65 on the BSE in Monday's intra-day trade in an otherwise weak market, and quoted at its highest level since September 2023.

As on Q3FY26, STL's open order book stood at ₹5,325 crore, and a robust order pipeline provides strong revenue visibility and reinforces growth outlook for the year, the management said.

In the past two trading days, the Nifty Microcap 250 index has rallied 3.7 per cent, as against 1 per cent gain in the benchmark Nifty 50.

STL is at the intersection of 3 powerful multiyear investment cycles, FTTx, data centers and 5G, creating a strong structural tailwind of optical infrastructure.

Sterlite Technologies gained 9.8 per cent on Friday after the company announced that it had become one of the few companies to develop the world's slimmest optical fiber for data center operators

Digital infrastructure and IT services firm Invenia expects to grow its revenue by around 40 per cent to Rs 2,000 crore over the next three years, driven by rising demand for connectivity from data centres and government projects, a senior company official said. Invenia Vice Chairman and Non-Executive Director Ankit Agarwal told PTI in an interview that the company sees a multi-billion dollar business that will be largely driven by influx of data centres and government projects like BharatNet to boost connectivity. "We are looking to take the business from about Rs 1,300 -1,400 crore of revenue this fiscal year to closer to about Rs 2,000 crore in about three years time," Agarwal said. He said that the equity capital of Invenia was around Rs 907 crore and its asset value was close to Rs 2,800 crore as on March 31. "We have a very healthy order book. The company had an open order book of around Rs 4,250 crore as on March 31," Agarwal said. Hived out from Sterlite Technologies, Inve

At 1:50 PM, shares of Sterlite Technologies was trading 4.55 per cent higher at ₹119.76 per share on the National Stock Exchange.

In the past month, the Smallcap index gained 3 per cent, as against a 1.5 per cent rise in Midcap and a 0.66 up move in Sensex

Sterlite Technologies share price hit a fresh 52-week high of ₹119 per share on the BSE today

Sterlite Technologies announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power demands of AI-driven data centres.