Sterlite Tech Shares Jump as Q2 Profit Surges 12,825% on AI Infrastructure Demand

Key Facts

1Sterlite Technologies' consolidated net profit surged 12,825% to Rs 5,170 million in the second quarter.

2Nomura maintained a bullish stance on the stock with significant upside potential projected.

Sterlite Technologies' consolidated net profit surged 12,825% to Rs 5,170 million in the second quarter. Moneycontrol.com reported that the rally was driven by strong demand for optical fiber cables and connectivity products essential for AI-ready data center infrastructure, resulting in a 5% rise in the company's shares.

Nomura maintained a bullish stance on the stock, projecting significant upside potential following the earnings results. In related market activity, NMR closed at $8.98 on October 23, 2026, after reaching a day high of $9.01 and a low of $8.93.