Motilal Oswal Mutual Fund acquired 36.48 lakh shares of Sterlite Technologies Ltd. through bulk deals on Friday, purchasing the stake at an average price of ₹619.07 per share. According to latest NSE bulk deal data, this strategic investment represents a 0.75% equity stake in the company, executed on June 5, 2026. The transaction comes as the stock continues to demonstrate exceptional performance in the current market cycle.
The stock has shown resilience after a recent correction, rising 2.24% to ₹585 amid value buying interest. As reported by Business Standard, the stock had declined 6.68% over the previous two trading sessions and remains 12.23% below its recent high of ₹651.90 touched on June 4, 2026. Despite the recent pullback, the stock has delivered remarkable returns, surging 46.79% in the past month, 191.35% over the last three months and 471.74% so far in 2026. The stock is also coming off an 11-session winning streak, with nine of those sessions ending at the upper circuit limit.
According to Business Standard reports, shares of Sterlite Technologies have surged nearly 270% in just 43 trading sessions, rising from ₹176 at the end of March to ₹651 at the close on June 4. Despite the strong rally, the stock ended Friday's session 5% lower at ₹619.05, though it remains up more than 500% in 2026. The stock has traded around ₹75 in June 2025 on a trailing 12-month basis, representing a 766% increase. The latest trading data shows the stock has recovered from recent lows, demonstrating continued investor interest.
On a consolidated basis, Sterlite Technologies reported strong financial results for Q4 FY26, with net profit of ₹59 crore compared to a net loss of ₹40 crore in Q4 FY25. Revenue from operations increased 36.98% year-on-year to ₹1,441 crore during the quarter. The company provides advanced connectivity solutions and offers end-to-end products and services for AI-ready infrastructure, FTTx, rural broadband, enterprise and data centre networks. As reported by Business Standard, Sterlite Technologies is part of the Vedanta Group, with promoter entity Twin Star Overseas holding a 42.9% stake.
Among institutional investors, domestic mutual funds collectively own 7.41% of the company, with Bandhan Value Fund holding the largest stake at 4.97% and HDFC Dividend Yield Fund at 2.05%. Life Insurance Corporation of India holds a 1.17% stake valued at around ₹372 crore, while BNP Paribas Financial Markets owns 1.33%. The latest bulk deal data confirms Motilal Oswal's continued interest in the company, with the fund maintaining its strategic position in Sterlite Technologies despite recent market volatility.
