Sterlite Tech shares jump 4% as Nomura initiates coverage forecasting nearly 50% upside in 2026 multibagger. Here’s why

Shares of Sterlite Technologies jumped 4% to Rs 1,038 on the BSE on Tuesday after Japanese brokerage Nomura initiated coverage on the Vedanta-backed stock with a Buy rating and a target price of Rs 1,350, forecasting a massive 48.5% upside from current market levels.Nomura said Sterlite Tech is well