Sterlite Technologies’ stock climbed nearly 5% to Rs 613.35 as it officially launched its Qualified Institutions Placement (QIP) to bolster its capital. The company’s board and shareholders approved the fundraising, with the Authorization and Allotment Committee setting a floor price of Rs 613.69 per share. This move, coupled with positive technical indicators, has boosted investor confidence, driving the stock’s significant rally.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026