Sterlite Tech: Nuvama on Sterlite Technologies Maintains Buy with Target Price of ₹1,100 as management targets ₹200bn FY29 revenue, 27%+ EBITDA margins and has a $2bn+ order book, while ₹10bn annual capex, 50% capacity expansion, AI/data-cententre demand and higher-value solutions support upgraded FY27/FY28 revenue and EBITDA estimates.
Sterlite Tech: Nuvama on Sterlite Technologies Maintains Buy with Target Price of ₹1,100 as management targets ₹200bn FY29 revenue, 27%+ EBITDA margins and has a $2bn+ order book, while ₹10bn annual capex, 50% capacity expansion, AI/data-cententre demand and higher-value solutions support upgraded FY27/FY28 revenue and EBITDA estimates.