Sterlite Technologies shares hit a fresh 52-week high after rising 5% to the upper circuit, taking their 2026 gains to 745%. The rally follows the companys growth plans, capacity expansion and strong Q1 performance, supported by robust demand for optical connectivity products.

Sterlite Technologies targets Rs 20,000 crore revenue by FY29 and plans to invest Rs 1,000 crore annually to expand fiber and cable capacities.

HFCL and Sterlite Technologies hit their upper circuits on Tuesday, extending their sharp 2026 rallies on strong business updates. HFCL has surged over 267% so far this year,…