Highest Ever Volume in Last 10 Years & Rs 4,378 Crore Order Book: Multibagger Stock Jumps 19.94 Per Cent in Just 1 Day
The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 58.86 per share.
On Tuesday, one of the Top Gainers on BSE & NSE, shares of this telecom equipment company, gained 19.94 per cent to Rs 119.20 per share from its previous closing of Rs 99.38 per share. The stock also made a new 52-week high is Rs 119.20 per share while its 52-week low is Rs 58.86 per share. The shares of the company saw a spurt in volume by more than 14 times on the BSE.
The buzzing stock name is Sterlite Technologies Ltd (STL)
Sterlite Technologies Limited (STL), in a consortium with Dilip Buildcon Limited, has secured a significant domestic contract worth Rs 2631.14 crores (inclusive of GST) from Bharat Sanchar Nigam Limited (BSNL). Signed on June 11, 2025, this agreement involves the comprehensive design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for the Jammu & Kashmir and Ladakh Telecom Circles under the BharatNet initiative. The project has a three-year construction period followed by a ten-year maintenance contract, and due to a recent demerger, the agreement will be novated to STL Networks Limited.
Additionally, the company has unveiled new Data Centre solutions to meet the growing demands of AI-powered data centres. These high-performance cabling and connectivity solutions are designed for major players like hyperscalers and enterprises, helping them build agile, scalable, and sustainable data center infrastructure. Leveraging STL's optical network expertise, the portfolio includes advanced fibre and copper cabling, featuring pre-terminated multi-fibre systems and "STL Celesta" for high-density, low-latency connections. All solutions are industry-compliant and come with a 25-year performance warranty, ensuring reliability for AI's evolving needs.
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About the Company
Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest optical fibre and optical fibre cable manufacturer in the country. The company also has a sizeable presence in overseas markets with an established presence in the global optical fibre market.
As of March 31, 2025, the company’s order book stood at Rs 4,378 crore, which is spread across its three business units- Optical Networking, Global Services and Digital. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 58.86 per share.
Disclaimer: The article is for informational purposes only and not investment advice.