Nomura initiated coverage on Sterlite Technologies with a buy rating and target price of Rs 1,350

Tue 6 Oct 2026

Target price

Rs 1,350 per share

Revenue CAGR FY26-29

almost 50 percent

EBITDA CAGR FY26-29

89 percent

Global OFS market share

9 percent

Data center revenue share FY26

1 percent

Heard on business television between 09:05:32 - 09:08:32 IST.

• Nomura initiated coverage with buy rating and target price of Rs 1,350 per share.
• Estimated revenue CAGR of almost 50% and EBITDA CAGR of 89% over FY26-FY29.
• Growth to be led by data center additions and constrained supply driving a super cycle in optical fibers market.
• Sterlite currently has 9% market share in global OFS market (ex-China) and low single digit share in data center market.
• Data center revenue share expected to rise from 1% in FY26 to 40% by FY29, expanding EBITDA margins from 12% currently to almost 40%.

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