Companies in India are gearing up for an increase in share buybacks as the new tax rules on repurchases take effect on October 1 wherein the gains from buybacks will now be taxed in the hands of shareholders rather than the companies.
Sterlite Tech shares jump 4% as Nomura initiates coverage forecasting nearly 50% upside in 2026 multibagger. Here’s why
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre