Latest news with #SterliteTechnologies
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Business Standard
4 days ago
- Business
- Business Standard
Smallcap stock zooms 42% in 2 days; 134 mn shares change hands on NSE, BSE
Share price of Sterlite Technologies today: Shares of Sterlite Technologies (STL) continued their upward movement, soaring 19.7 per cent to ₹119 on the BSE in Tuesday's intraday trade to hit a fresh 52-week high amid heavy volumes. In the past two trading days, the stock price of this optical and digital solutions company has surged 42 per cent after the company expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of smallcap telecom equipment & accessories company surpassed its previous 52-week high level of ₹115.97 touched on July 30, 2024. In the past one week, it zoomed 49 per cent, as compared to 1.1 per cent decline in the BSE Sensex during the same period. The stock has bounced back 91 per cent from its previous month low of ₹59 touched on May 9, 2025. At 11:55 AM, STL was quoting 14.4 per cent higher at ₹113.7, as against 0.25 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped multiple-fold. A combined 133.93 million shares, representing 27.45 per cent of total equity of STL, changed hands on the NSE and BSE till the time of writing this report. Retail individual shareholders held nearly 30% stake in STL As on March 31, 2025, retail individual shareholders held nearly 30 per cent stake in STL, the shareholding pattern data shows. Resident Individuals holding nominal share capital up to ₹2 lakh (22.13 per cent) and Resident Individuals holding nominal share capital in excess of ₹2 lakh (7.39 per cent) have collectively held 144 million shares or 29.52 per cent stake in STL, data shows. The promoters including Twin Star Overseas held 44.16 per cent holding in STL. Expands Data Centre portfolio STL on Monday announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said, in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its more than 30 year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data – India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. FY26 outlook The management in the Q4 earnings conference call said as the STL advances to the next fiscal of FY26 directionally, its strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 – the company's focus remains on driving growth by increasing market share and optical fiber cables and improving our connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
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)
Business Upturn
5 days ago
- Business
- Business Upturn
Sterlite Technologies shares jump 10% today, gain 45% in 5 sessions
By Aditya Bhagchandani Published on June 17, 2025, 09:45 IST Shares of Sterlite Technologies surged nearly 10% on Tuesday, June 17, extending their recent winning streak. The stock has now rallied over 45% in the last five trading sessions, driven by investor enthusiasm surrounding the company's foray into AI-driven data centre solutions. As of 9:42 AM, shares were trading at ₹109.23, up ₹9.85 or 9.91% from the previous close of ₹99.38. The stock has emerged as one of the top gainers on the NSE and is also among the most actively traded counters with a volume of 4.49 million shares. The sharp uptrend began last week after Sterlite Technologies announced the launch of a new suite of next-generation data centre offerings tailored for AI infrastructure. The portfolio includes advanced fibre and copper cabling products engineered to support high-speed, low-latency connectivity for hyperscalers, telecom players, and enterprises. In its press release, Sterlite Technologies said the global data centre market is projected to reach USD 517 billion by 2030, growing at a CAGR of 10.5%. The company aims to play a key role in this expansion by providing scalable and sustainable infrastructure. Tuesday's rally follows a nearly 10% surge on Monday, June 16, when the company's stock soared after the announcement. Since June 11, the shares have climbed from approximately ₹75 to over ₹109, reflecting growing investor confidence in the firm's growth trajectory. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
5 days ago
- Business
- Business Standard
Sterlite Technologies surges 13% on heavy volumes; soars 22% in 3 days
Share price of Sterlite Technologies today Shares of Sterlite Technologies (STL), a leading optical and digital solutions company, hit an over three-month high at ₹94.38, surging 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes after the company said it expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of this smallcap telecom equipment & accessories company was trading at its highest level since February 25, 2025. In the past three trading days, it has rallied 22 per cent, and bounced back 59 per cent from its previous month low of ₹59 touched on May 9, 2025. At 12:49 PM; STL was quoting 12.8 per cent higher at ₹94.03, as compared to 0.80 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over five-fold. A combined 31.18 million shares representing 6.4 per cent of the total equity of STL changed hands on the NSE and BSE. Catch Stock Market Updates Today LIVE STL today announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its 30+ year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data - India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. Signs agreement with Bharat Sanchar Nigam Limited (BSNL) STL through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon, entered into an Agreement with Bharat Sanchar Nigam Limited (BSNL) on June 11, 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles - Package 13. The total value of the contract was ₹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 release issued by the company. Sterlite Technologies - FY26 outlook The management in the Q4 earnings conference call said STL's strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 - the company's focus remains on driving growth by increasing market share and optical fiber cables and improving connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
