Shares of Sterlite Technologies surged nearly 10% on Tuesday, June 17, extending their recent winning streak. The stock has now rallied over 45% in the last five trading sessions, driven by investor enthusiasm surrounding the company’s foray into AI-driven data centre solutions.
As of 9:42 AM, shares were trading at ₹109.23, up ₹9.85 or 9.91% from the previous close of ₹99.38. The stock has emerged as one of the top gainers on the NSE and is also among the most actively traded counters with a volume of 4.49 million shares.
The sharp uptrend began last week after Sterlite Technologies announced the launch of a new suite of next-generation data centre offerings tailored for AI infrastructure. The portfolio includes advanced fibre and copper cabling products engineered to support high-speed, low-latency connectivity for hyperscalers, telecom players, and enterprises.
In its press release, Sterlite Technologies said the global data centre market is projected to reach USD 517 billion by 2030, growing at a CAGR of 10.5%. The company aims to play a key role in this expansion by providing scalable and sustainable infrastructure.
Tuesday’s rally follows a nearly 10% surge on Monday, June 16, when the company’s stock soared after the announcement. Since June 11, the shares have climbed from approximately ₹75 to over ₹109, reflecting growing investor confidence in the firm’s growth trajectory.
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