NSE: STLTECH · 2 November 2026
- Sterlite Technologies has fallen 10.93% over 3 trading sessions; today's move is -5.00%.
- Sterlite Technologies submitted its financial results for the period ended September 30, 2026, reporting a record-high quarterly revenue of ₹2,529 crore and EBITDA of ₹846 crore, supported by robust demand for AI-ready digital infrastructure. The company's open order book reached an all-time high of ₹35,274 crore, driven by multi-year agreements with hyperscalers and telecom operators globally. Net profit stood at ₹517 crore, bolstered by revenue growth, margin expansion, and a one-time U.S. tariff refund gain of ₹161 crore.
- Trading volume was 0.29 times the 20-day average daily volume.
Sterlite Technologies share price: 10.93% decline over 3 trading sessions
Sterlite Technologies Ltd. (STLTECH) fell 5.00% today, closing at ₹783.30 compared to its previous close of ₹824.50. The stock opened at the day's high of ₹783.30 and remained locked at the exact same level throughout the trading session to form its day's low, reflecting selling pressure alongside muted participation.
Broader market indices presented a contrasting picture, with the Nifty benchmark advancing 1.68% during the session, while the sectoral Nifty IT index dipped by 0.50%. Sterlite Technologies' sharp decline underscores a clear divergence from the broader market positive momentum. The stock has experienced extended weakness recently, posting a 5-day return of -9.71% and a 20-day return of -18.01%, trading well below its 52-week high of ₹1,051.10.
The ongoing downward drift follows recent corporate developments from late October 2026, where the company reported its financial results for the quarter ended September 30, 2026, alongside monitoring agency reports on its QIP and preferential warrant issues. While the company posted robust headline numbers including record quarterly revenue of ₹2,529 crore and an open order book of ₹35,274 crore, the market appears to be consolidating following recent volatility, large block deals from late October involving Serum Institute and Poonawalla Aviation at ₹887 per share, and broader sector profit-taking.
6.88 lakh shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 23.44 lakh shares (0.29 times). The five-day average daily volume was 19.19 lakh shares. The same report recorded 12,363 trades.
The stock declined 5.00% amid thin trading volumes, extending its recent corrective phase (-9.71% over 5 days and -18.01% over 20 days) despite a rising broader Nifty index. While the company recently reported record quarterly numbers, the share price continues to face downward pressure and profit-taking following previous rally phases.
Latest Company Developments
Sterlite Technologies submitted its financial results for the period ended September 30, 2026, reporting a record-high quarterly revenue of ₹2,529 crore and EBITDA of ₹846 crore, supported by robust demand for AI-ready digital infrastructure. The company's open order book reached an all-time high of ₹35,274 crore, driven by multi-year agreements with hyperscalers and telecom operators globally. Net profit stood at ₹517 crore, bolstered by revenue growth, margin expansion, and a one-time U.S. tariff refund gain of ₹161 crore.
Strong financial performance and a massive order book provide fundamental visibility for long-term growth and execution capacity.
Sterlite Technologies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Sterlite Technologies Limited launches Plenum-rated Fiber Trunk Assemblies for AI Data Center Connectivity.
The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.
Sterlite Technologies raises ₹1,500 cr via QIP to fund next phase of growth.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 12.31% on 30 September 2026. This compares with 11.33% on 1 July 2026, a change of +0.98 percentage points.
The filing reported 25 MF/UTI holders.
Research & Brokerage Views
CLSA retained an 'Outperform' rating on Sterlite Technologies, noting that accelerating demand for AI data centres could power the company's next phase of growth.
Historical Bulk / Block Deals
What to Watch Next
- Execution progress on the record open order book of ₹35,274 crore across hyperscalers and telecom operators.
- Utilization updates regarding unutilized QIP and preferential issue proceeds monitored by CARE Ratings.
- Volume recovery and cash-market participation relative to the 20-day average volume of ~2.37 million shares.
- Management commentary and updates on the execution of multi-year long-term supply agreements.
Other Dated Coverage
- Sterlite Technologies Share Price Today: Why STLTECH Is Falling 5.00% | 30 October 2026 — 30 October 2026
- Sterlite Technologies Share Price Today: Rises 10.19% in 2 Trading Sessions | 27 October 2026 — 27 October 2026
- Sterlite Technologies Share Price Today: Why STLTECH Is Rising 4.95% | 26 October 2026 — 26 October 2026
More Sterlite Technologies news and dated analysis →
Frequently Asked Questions
What is the latest Sterlite Technologies company news?
Sterlite Technologies submitted its financial results for the period ended September 30, 2026, reporting a record-high quarterly revenue of ₹2,529 crore and EBITDA of ₹846 crore, supported by robust demand for AI-ready digital infrastructure. The company's open order book reached an all-time high of ₹35,274 crore, driven by multi-year agreements with hyperscalers and telecom operators globally. Net profit stood at ₹517 crore, bolstered by revenue growth, margin expansion, and a one-time U.S. tariff refund gain of ₹161 crore.
How strong was Sterlite Technologies’s trading volume?
6.88 lakh shares traded, 0.29 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.