Finance1d ago
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.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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