Sterlite Tech shares rise 352% after $1.1 billion contract
after close1 source ↓written by the desknot a recommendation
- after securing
- 5% upper circuit
- contract for multi-year
- $1.1 billion
Shares of Sterlite Technologies Ltd. are locked in a 5% upper circuit after securing a $1.1 billion contract for multi-year supply of optical connectivity products. This marks the fourth consecutive day of gains, with the stock up in 17 of the last 20 trading sessions. The recent momentum reflects strong demand in the optical connectivity sector, particularly for AI applications.
Not investment advice. For informational purposes only.