The Economic Times

Nomura initiates coverage on Sterlite Tech, forecasts nearly 50% upside in 2026 multibagger. Heres why

Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STLs revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.