New Delhi, Aug. 31 -- Sterlite Technologies stock has surged sevenfold in 2026 so far, scaling a new peak of Rs.757.70 on Monday. The company has bagged an order of nearly Rs.2,700 crore from a leading hyperscaler. The order involves supply of high-density optical fibre cable products for three years starting from 2027 and can be extended by another two years based on mutual consent.

While improvement in business prospects and financials does help generate interest in the stock, it has to be backed by consistent buying. FIIs have turned bullish, raising their stake to 19.7% in Q1FY27 from 10.9% in Q3FY26.

But should retail investors follow FIIs and chase the stock?

A bulk of the positive surprise in Ebitda margin expansion could be ove...