New Delhi, Oct. 5 -- A telecom stock has staged an astonishing rally this year, leaving investors in awe of its stellar multibagger gains despite weak sentiment in the broader stock market.

The stock we are discussing is Sterlite Technologies - a company that provides end-to-end solutions for building AI-ready infrastructure, FTTx, rural and enterprise networks. The company delivers its solutions in more than 100 countries, and has manufacturing facilities in North America, Europe and Asia.

In intraday trade on Monday, 5 October, the stock hit a 52-week high of Rs.989.70, rising nearly 4% after hitting upper circuits for the last three consecutive sessions.

On 1 October, the company said one of its wholly owned subsidiaries had entered...