Stories
Multibagger Stock: ₹102 Share Soars to ₹866 in 9 Months, Turning ₹1 Lakh into ₹8.5 Lakh.
- •Sterlite Technologies stock surged from ₹102 to ₹866 in 9 months, delivering over 700% returns to investors.
- •An investment of ₹1 lakh in January 2026 grew to approximately ₹8.50 lakh by today.
- •The company secured a contract worth over ₹10,000 crore from a leading hyperscaler for optical connectivity products for AI data centers from FY27 to FY29.
- •In Q1 FY27, revenue was ₹1,910 crore, PAT was ₹197 crore, and the open order book reached a historic ₹18,618 crore.
- •Sterlite Technologies aims to achieve an annual revenue of ₹20,000 crore and an EBITDA margin of 27% by FY29.
Key Questions Answered
Trading at around ₹102 at the beginning of 2026, Sterlite Technologies shares surged over 700% to close at ₹866, turning a ₹1 lakh investment made on January 1, 2026, into approximately ₹8.50 lakh.
The company secured a $1.11 billion Product Award Letter and a ₹10,000 crore contract from a leading hyperscaler to supply optical connectivity products for AI data centers through FY29. By June 2026, its open order book reached a record ₹18,618 crore, supporting its roadmap to achieve ₹20,000 crore in annual revenue by FY29.
Sterlite Technologies approved a ₹3,000 crore capital expenditure plan to expand its manufacturing capacity by approximately 50%, utilizing internal accruals and debt. This expansion comes as the company leverages rising global demand for optical fiber cables and next-generation AI data center infrastructure.
