Sterlite Technologies share price today: Shares of Sterlite Technologies Limited hit a fresh 52-week high on Wednesday, September 9, amid investors optimism around the company’s growth plan over the next four to five years. The Pune-based fiber optics company has aimed to achieve a revenue growth of ₹20,000 crore by financial year 2029-30.
The telecom technology stock has delivered a whopping 641% return in one year, and around 397% return in six months. The firm is targeting a ₹20,000 crore revenue growth for FY 29 under its ambitious project Lakshya. The company, under its Lakshya project, plans to be among the top five players.
Sterlite Technologies is showcasing a bullish trend as the price is sustaining well above rising major EMAs and is forming higher highs, highlighted by Virat Jagad Sr. Technical Research Analyst at Bonanza. “The recent breakout is supported by strong volume, while RSI remains elevated, confirming momentum. Fresh entry can be considered on dips near ₹780–800, with support around ₹750 and upside towards ₹900,”
Optical TAM Expansion, Customer Co-development, Integrated Connectivity Solutions, and Tech-led Differentiation are among the key growth drivers for Sterlite Technologies. The optical and digital solutions provider is planning to expand capacity to 1.5x to enable the next phase of growth.
The company has planned to invest around ₹1,000 crore annually over the next financial years to expand performance, fiber and cable capacities by 50%. Establish a greenfield manufacturing facility for pre-terminated connectivity solutions in India, and committing 2% of annual revenue toward continuous technological innovation.