Escorts Kubota Limited

Nomura initiated coverage of Sterlite Technologies with a Buy rating and a Rs 1,350 target, implying nearly 35% upside. It expects strong fibre demand through 2030, supported by data-centre investment and constrained supply. Sterlite’s integrated manufacturing, hyperscaler contracts and planned Rs 3,000 crore capacity expansion could drive rapid growth and lift EBITDA margins.