New Delhi, Nov. 10 -- For Sterlite Technologies shareholders, the recent rally has created two contrasting stories. Investors who stayed invested despite years of weakness have been rewarded with a sharp appreciation in their portfolio value, while those who exited the stock, questioning its recovery prospects, have missed out on its triple-digit gains.

After remaining sideways for an extended period, the stock began its bull run at the start of the year and has since maintained a largely one-way rally, with occasional pullbacks. The sustained run has translated into a massive 671% surge, taking the stock to Rs.671 as of the Monday's close.

Even as Sterlite Technologies shares have retreated 36% from their recent record high of Rs.1,051...