Sterlite Technologies Share Price Surges As Rally Resumes After One-Day Blip
In June, Sterlite Technologies rallied 38%, marking the best month since April 2020.
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The share price for Sterlite Technologies Ltd. rose over 9% on Thursday, after closing 7.24% lower on Wednesday.
Before this, the shares had gained nearly 50% over five sessions. The company is set to benefit from artificial intelligence development. On Tuesday, the stock price jumped over 13% and hit the highest level in 19 months.
Sterlite Technologies' newly launched data centre solutions range from cabling to end-to-end connectivity offerings, which are designed to power the relentless demands of AI-driven data centre infrastructure, the company said in a press release on Monday.
The new-age data centre solution is made to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable data centre infrastructure, the press release said.
In June, Sterlite Technologies rallied 38%, marking the best month since April 2020.
Sterlite Technologies Share Price Today
The scrip rose as much as 9.31% to Rs 114.28 apiece, the highest level since June 17, 2025. It pared gains to trade 4% higher at Rs 108.68 apiece, as of 9:50 a.m. This compares to a 0.15% advance in the NSE Nifty 50.
It has fallen 5.39% on a year-to-date basis, and 19.78% in the last 12 months. Total traded volume so far in the day stood at 10 times its 30-day average. The relative strength index was at 61.92.
Out of three analysts tracking the company, two maintain a 'buy' rating and one recommends 'hold', according to Bloomberg data. The average 12-month consensus price target implies a downside of 17.8%.
