Nomura initiates coverage on Sterlite Technologies with buy rating
after close1 source ↓machine-written, see hownot a recommendation
- target price
- ₹1,350
- from its current
- 35% upside
- current price
- ₹1,001.25
- in demand
- 14% CAGR
- in demand
- 2030
Global brokerage Nomura has initiated coverage on Sterlite Technologies with a Buy rating and a target price of ₹1,350, indicating a potential 35% upside from its current price of ₹1,001.25. The firm anticipates strong demand for optical fibre cables driven by datacentre capital expenditure, projecting a 14% CAGR in demand through 2030. This positions Sterlite well within the ongoing OFC super cycle.
Not investment advice. For informational purposes only.