Sterlite Tech shares soar 35% in 2 days on data centre expansion amid AI demand
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Shares of Sterlite Technologies jumped nearly 35% over two trading sessions, driven by the company's move to expand its data centre offerings to cater to growing AI-related infrastructure demand. The stock rose 13.5% today to Rs 112.8 on the BSE, after gaining 19.3% in the previous session. In an exchange filing on Monday, the company said it has launched a new generation of data centre solutions—ranging from cabling to end-to-end connectivity—designed to meet the specific needs of hyperscalers, colocation providers, enterprises, and telecom operators. Sterlite expects the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5%. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80%The new solutions include high-performance fibre and copper cabling systems tailored for smart buildings, campuses, and data centres. The company said its copper systems enable secure, reliable data a...