Sterlite Tech shares hit 5% upper circuit as firm targets Rs 20,000 crore revenue by FY29 amid booming AI demand

Sterlite Technologies shares hit a 5% upper circuit after unveiling ambitious FY29 growth targets, including Rs 20,000 crore revenue and global top-five positioning. The company approved Rs 3,000 crore capex to expand capacity by 50%, supported by strong optical connectivity demand, AI infrastructure growth and a record order book.