In the past four trading days, the Nifty Midcap 100 index rallied 4%, while the Nifty Smallcap 100 index surged 6%, against a 1.5% gain in the Nifty 50 till Thursday.
Yes Bank, PI Industries, MRF, Swiggy, Biocon, NMDC, Tube Investments of India, Vishal Mega Mart, Voltas and Max Financial Services from the Midcap 100 index hitting their respective 52-week lows.
At 10:04 AM on Thursday, the Nifty Smallcap 100 index was down 0.86% at 19,218, as compared to a 1% rally in the Nifty 50.
Nomura initiated coverage on the optical fibre cable maker with a 'Buy' rating and a target price of ₹1,350.
At 02:27 PM on Monday, Sterlite Technologies' market capitalisation stood at ₹50,624 crore, and the stock traded 3% higher at ₹985 backed by a trading volume of 2.4 million shares on the NSE and BSE.
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%.
Stocks to watch today: Bandhan Bank, defence shares, RBL Bank, PVR Inox, Adani Power, Swiggy, Asian Paints, Molbio Diagnostics, IndusInd Bank, among others, will be in focus today.
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.
Aditya Birla Group forayed into the wires and cables market with an investment of ₹1,800 crore. The new business will operate through its cement arm UltraTech Cement, under the Ultravolt brand.
Sterlite Technologies (STL) share price was locked at the 5% upper circuit at ₹695.20 on the BSE in Thursday's intra-day deals in an otherwise weak market.
Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today
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.
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