Sterlite Tech, HFCL shares rally up to 5% after 2-day fall. What’s triggering the surge?
Shares of HFCL and Sterlite Technologies surged up to 5% on Friday, recovering from a two-day decline. This rebound follows a global tech stock recovery and is driven by India's booming data center industry, fueled by digitalization and AI demand. Both companies, key players in optical fiber cable manufacturing, are poised for further growth, with analysts maintaining positive outlooks.
Impacted Stocks
HFCL — HFCL
▲ Bullish —HFCL is seeing strong positional demand as digitalization and data center setups require massive fiberisation. The stock's 5% recovery indicates strong support levels, making it a viable bullish candidate for short-to-medium term positional traders looking at telecom infra growth.
STLTECH — Sterlite Tech.
▲ Bullish +0.614%Sterlite Technologies is a primary beneficiary of data center expansion due to its optical fiber manufacturing core business. The surge marks a structural rebound backed by AI-driven infrastructure demand, suggesting a bullish swing momentum over the next few weeks as volumes recover.
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