Latest news with #SterliteTech
Economic Times
5 days ago
- Business
- Economic Times
Sterlite Tech shares soar 35% in 2 days on data centre expansion amid AI demand
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sterlite Technologies jumped nearly 35% over two trading sessions, driven by the company's move to expand its data centre offerings to cater to growing AI-related infrastructure demand. The stock rose 13.5% today to Rs 112.8 on the BSE, after gaining 19.3% in the previous an exchange filing on Monday, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers , colocation providers, enterprises, and telecom expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%.The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data and AV connectivity, while its riser and campus fibre cabling support high-speed, low-latency strengthen distribution in India, Sterlite has partnered with Tech Data – India, a subsidiary of TD SYNNEX. Tech Data specialises in emerging technologies such as cloud, cybersecurity, AI, IoT, and week, Sterlite Tech , in a joint venture with Dilip Buildcon , secured a Rs 2,631 crore order from BSNL under the BharatNet project. The contract involves building and operating middle-mile connectivity infrastructure across Jammu & Kashmir and to Trendlyne, the average target price for Sterlite Tech is Rs 93, suggesting a downside of 17% from current levels. Among the two analysts tracking the stock, the consensus rating is 'Buy'.Meanwhile, the stock has rallied 91% over the past three months but remains down nearly 3% over the past two years. Its current market capitalisation stands at Rs 5,430 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
Sterlite Tech shares soar 35% in 2 days on data centre expansion amid AI demand
Shares of Sterlite Technologies jumped nearly 35% over two trading sessions, driven by the company's move to expand its data centre offerings to cater to growing AI-related infrastructure demand. The stock rose 13.5% today to Rs 112.8 on the BSE, after gaining 19.3% in the previous session. In an exchange filing on Monday, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers , colocation providers, enterprises, and telecom operators. Sterlite expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data and AV connectivity, while its riser and campus fibre cabling support high-speed, low-latency networking. To strengthen distribution in India, Sterlite has partnered with Tech Data – India, a subsidiary of TD SYNNEX. Tech Data specialises in emerging technologies such as cloud, cybersecurity, AI, IoT, and analytics. Also Read: 6 IPOs set to open this week. Check latest GMP trends Last week, Sterlite Tech , in a joint venture with Dilip Buildcon , secured a Rs 2,631 crore order from BSNL under the BharatNet project. The contract involves building and operating middle-mile connectivity infrastructure across Jammu & Kashmir and Ladakh. According to Trendlyne, the average target price for Sterlite Tech is Rs 93, suggesting a downside of 17% from current levels. Among the two analysts tracking the stock, the consensus rating is 'Buy'. Meanwhile, the stock has rallied 91% over the past three months but remains down nearly 3% over the past two years. Its current market capitalisation stands at Rs 5,430 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
Sterlite Tech shares jump 12% on data centre expansion to tap AI demand
Shares of Sterlite Technologies surged nearly 12% on Monday, June 16, after the company announced the expansion of its data centre portfolio to address growing demand from AI-driven infrastructure. The stock was among the top gainers in the broader markets. ADVERTISEMENT In an exchange filing, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers, colocation providers, enterprises, and telecom operators. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Sterlite expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%. The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data and AV connectivity, while its riser and campus fibre cabling support high-speed, low-latency networking. To strengthen distribution in India, Sterlite has partnered with Tech Data – India, a subsidiary of TD SYNNEX. Tech Data specialises in emerging technologies such as cloud, cybersecurity, AI, IoT, and analytics. ADVERTISEMENT Last week, Sterlite Tech, in a joint venture with Dilip Buildcon, secured a Rs 2,631 crore order from BSNL under the BharatNet project. The contract involves building and operating middle-mile connectivity infrastructure across Jammu & Kashmir and Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months According to Trendlyne, the average target price for Sterlite Tech is Rs 93, suggesting limited upside from current levels. Of the two analysts tracking the stock, most have a 'Buy' rating. ADVERTISEMENT The stock has rallied 56% over the past three months but remains down 20% over the past two years. Its current market capitalisation stands at Rs 4,532 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
12-06-2025
- Business
- Business Standard
Sterlite Tech shares rally most in 3 years on ₹2,631 crore BSNL contract
Shares of Sterlite Technologies Ltd surged over 15 per cent in Thursday's intraday session after it entered into an agreement with Bharat Sanchar Nigam Limited (BSNL) for ₹2,631.14 crore. The telecom equipment and accessories maker's stock rose as much as 15.2 per cent during the day to ₹88.6 per share, the biggest intraday gain since April 22, 2022. The stock pared gains to trade 13.6 per cent higher at ₹87.5 apiece, compared to a 0.09 per cent decline in Nifty 50 as of 9:50 AM. Shares of the company extended gains to their third day and are up nearly 50 per cent from their April lows. The counter has fallen 24 per cent this year, compared to a 6.2 per cent advance in the benchmark Nifty 50. Sterlite Technologies has a total market capitalisation of ₹4,286.02 crore, according to BSE data. Sterlite Tech's ₹2,631.14 crore order from BSNL Sterlite Technologies, through its demerged Global Services Business, in consortium with Dilip Buildcon, secured a contract from Bharat Sanchar Nigam Ltd (BSNL) under the BharatNet programme, according to an exchange filing on Wednesday. The agreement, signed on June 11, 2025, involves the design, supply, construction, upgradation, and maintenance of the middle-mile telecom network for the Jammu & Kashmir and Ladakh circles under Package 13. The total value of the contract is ₹2,631.14 crore (inclusive of GST), comprising capital expenditure (capex) of ₹1,620.50 crore and operating expenditure (opex) of ₹972.30 crore for the new network and ₹38.33 crore for the existing infrastructure. The construction phase will span three years, followed by a 10-year maintenance period. Maintenance payments will be made at 5.5 per cent per annum of capex for the first five years and 6.5 per cent annually for the remaining five, according to the statement. Sterlite Tech demerger of Global Service Biz Further, following a Scheme of Arrangement approved by the National Company Law Tribunal (NCLT), STL's Global Services Business has been demerged into STL Networks Ltd, effective March 31, 2025. In April, the company said that it successfully completed the demerger of its Global Service Business. Post the demerger, the services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name "Invenia.' The move aligns with the company's vision to create two specialised, future-ready organisations poised for accelerated growth, it said earlier. About Sterlite Technologies The company designs and deploys high-capacity converged fibre cables and wireless networks. Besides, it partners with global telecom companies, cloud companies, citizen networks, and large enterprises to design, build and manage such cloud-native software-defined networks. Presently, it is engaged in the business of connectivity and network solutions.
