Sterlite Technologies Ltd (STL) shares continued their upward momentum on Wednesday, rising another 7% intraday. The stock opened at ₹104.55 and climbed to a high of ₹114.28, marking a significant gain over the last five trading sessions. As of 9:40 AM, the shares were trading 5.15% higher at Rs 109.93.
As of today’s session, the stock is up over 35% in just five days, attracting attention from market participants. Sterlite Technologies’ 52-week high stands at ₹155.05, while its 52-week low is ₹58.86.
In the meantime, on June 11, 2025, the company, through its demerged Global Services arm, STL Networks Limited, has signed a major agreement with Bharat Sanchar Nigam Limited (BSNL) under the BharatNet initiative. The ₹2,631.14 crore contract covers the design, construction, upgradation, and maintenance of the middle-mile broadband network in Jammu & Kashmir and Ladakh (Package 13).
The project includes ₹1,620.50 crore in capital expenditure and over ₹1,010 crore in operational costs. It will be implemented over three years, followed by a 10-year maintenance phase.
This agreement supports the government’s mission to expand high-speed internet access to rural areas, connecting Gram Panchayats to the digital backbone and enabling last-mile connectivity across underserved regions.
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