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CLSA hikes Sterlite Tech share price target by 47%; maintains Outperform call on stock that’s up 775% YTD

Sterlite Tech shares gained 2% after CLSA raised its target price by 47% to Rs 1,400, implying a 55.55% upside, while retaining its Outperform rating. The brokerage expects the company’s capacity to expand 50% by FY29, backed by Rs 3,000 crore of approved capex. Revenue is projected to reach Rs 20,000 crore, driven by AI data centres and hyperscalers.

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Updated 15 September 20263 min read
CLSA hikes Sterlite Tech share price target by 47%; maintains Outperform call on stock that’s up 775% YTD

CLSA hikes Sterlite Tech share price target by 47%; maintains Outperform call on stock that’s up 775% YTD

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What Happened

Sterlite Tech shares gained 2% after CLSA raised its target price by 47% to Rs 1,400, implying a 55.55% upside, while retaining its Outperform rating. The brokerage expects the company’s capacity to expand 50% by FY29, backed by Rs 3,000 crore of approved capex. Revenue is projected to reach Rs 20,000 crore, driven by AI data centres and hyperscalers.

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Original reporting provided by Economic Times Markets.

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This article was synthesized from coverage published by Economic Times Markets.

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