CLSA Retains 'Outperform' On Sterlite Technologies; AI Data Centres Could Power Its Next Growth Phase
CLSA maintained its 'Outperform' rating on Sterlite Technologies, projecting a target price of ₹950 as AI-driven data centre demand boosts growth potential. The company's order book surged 155% to ₹186 billion in Q1FY27, with data centres now accounting for 21% of revenue. Analysts expect data centre capacity in India and North America to expand significantly by 2030, enhancing STL's market position.