Shares of Sterlite Tech are locked in another 5% upper circuit on Tuesday, extending its gains from Monday when it was also locked in an upper circuit. The company received a multi-year order / product award letter worth $1.1 billion through a subsidiary.
The deal is in addition to STL’s order book, which had already risen 67% in financial year 2026 to ₹7,300 crore.
CLSA is building this order win into their estimates, thereby increasing their earnings forecast by 25% and 64% over financial year 2027-2029.”This win also strategically expands its presence in AI data centers, improving future growth visibility and even underscoring competitiveness in international markets,” CLSA’s note said.
STL’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) can grow at a Compounded Annual Growth Rate (CAGR) of 49% over financial year 2026-2029, according to CLSA.
All four analysts tracking Sterlite Tech have a “buy” rating on the stock. CLSA’s price target is the highest on the stock for the street.
Shares of Sterlite Tech are locked in another 5% upper circuit at ₹486.35. The stock is up 74% in the last one month.
