There are some shares in the Indian stock market which surprise everyone with their speed. One such miracle has been done by the shares of telecom equipment manufacturing company Sterlite Technologies. The company has received a huge multi-year supply order worth about Rs 10,622 crore ($1.1 billion) from a major American company. As soon as this news came, there was strong buying in the shares of the company and it has reached a new record level of Rs 463.20 with an upper circuit of 5 percent. In just one year, this stock has made its investors rich by jumping by more than 550 percent.
Received major order from American giant company
Sterlite Technologies has informed the stock exchange that its subsidiary unit has received a ‘Product Award Letter’ (PAL) for the supply of Optical Connectivity Products from a global ‘hyperscale’ partner. This international order has been placed by a very big American company. However, due to security and business conditions, the name of the customer has not been disclosed at this time. The total value of this entire deal has been estimated at 1.1 billion dollars i.e. approximately Rs 10,622 crore in Indian currency. This deal will keep the company’s earnings strong for many years to come.
Infrastructure will be ready for AI data centers
The market of Artificial Intelligence (AI) is growing very fast worldwide. This new order received by Sterlite Tech is related to this sector. The company has made it clear that its optical connectivity products will be used for the expansion of AI Data Centers on a large scale. According to the company’s Managing Director Ankit Aggarwal, under this agreement the company will help in strengthening the AI data center infrastructure in America. In a way, the company is working to create a ‘connectivity backbone’ for AI data centers. In view of this demand, the company has recently launched its new ‘Celesta IBR Cable Series’ in the market, which includes cables with up to 6,912 fibers.
Investors’ capital increased more than five times in one year
Even before the news of this big order officially came in the market, tremendous movement was seen in the company’s shares on Friday. The share closed at Rs 441.15 with an upper price band of 5 percent. In the previous trading session it was at Rs 420.15. If we look at the return figures, this stock has earned bumper profits for investors in both short term and long term. This stock has fallen 56 percent in just one month. At the same time, so far in the year 2026, this stock has registered a stormy growth of about 330 percent. In the last one year, this stock has jumped more than 550 percent, which means investors’ money has increased more than five times.
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Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
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