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