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HFCL, Sterlite Tech freeze at 5% lower circuit after massive rally in 2026
As of Friday, June 5, Sterlite Technologies rallied 468 per cent, while HFCL surged 163 per cent in the calendar year 2026.
Sterlite Tech shares slide 5% after rallying 56% in one month. Here's why
Sterlite Technologies shares hit the lower circuit on Monday as a sharp global selloff in AI and technology stocks dented investor sentiment. The decline comes after the stock's stellar 474% rally in 2026 and a 56% gain over the past month, with shares locked at Rs 588.30 on the NSE amid profit-booking and weakening AI optimism.
Stock Alert: Highway Infra, Innovision, RailTel Corp, Cupid Breweries, Le Travenues Tech
Securities in F&O Ban:
From ₹176 to ₹651 in 43 sessions: 270% rally in Vedanta group owned stock pushes it to ASM Stage 4
With this 270% rally from the start of April, Sterlite Tech has extended its gains for the calendar year 2026 to 535%, the most it has ever gained in a calendar year so far.
Sterlite Tech in focus; stock zooms 111% in 1 month; up 670% from Jan low
The stock price of the telecom equipment & accessories company was frozen at the upper circuit for the ninth straight trading day, surging 55 per cent during the period.
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
Dixon Tech Says Vivo Deal Delay 'Beyond Expectations', Sees Rs 30,000 Crore Revenue Boost
Gupta added that the partnership alone could add up to Rs 30,000 crore to Dixon Tech's topline, which will be fully reflected as soon as the next financial year.
HFCL vs Sterlite Tech: Both stocks turn multibaggers, rocket up to 375% YTD. Should you invest amid AI boom?
Optical fibre makers HFCL and Sterlite Technologies are experiencing a boom, with shares surging due to massive demand for AI-driven data centre infrastructure. India's growing data centre market and global hyperscaler investments are fueling this growth, making these companies key beneficiaries of the AI expansion.
Sterlite Tech shares are up 375% this year and CLSA sees another 48% upside
All four analysts tracking Sterlite Tech have a "buy" rating on the stock. CLSA's price target is the highest on the stock for the street.
Up 351% in 2026! Sterlite Tech hits 5% upper circuit on $1 bn AI order
According to NSE data, Sterlite Technologies shares have more than doubled in less than two months. From the levels of ₹231.22 on April 10, the counter has delivered multibagger returns to investors.
Sterlite Tech shares extend 2026 gains to 352% after bagging a $1.1 billion contract
As per the contract, Sterlite Technologies, via is subsidiary, will supply optical connectivity products as per customer specifications, for AI data center build-outs.
Stock Alert: OMCs, Hindalco Inds, NTPC, Colgate, Indigo Paints, Sterlite Tech - Business Standard
Stock Alert: OMCs, Hindalco Inds, NTPC, Colgate, Indigo Paints, Sterlite TechBusiness Standard