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The Economic Times
The Economic Times
Business

Hidden AI Winners: Little-known D-Street stocks soar up to 530%

United States Artificial Intelligence

The overarching narrative is that Indian equity markets missed out on the global artificial intelligence boom. But a look under the hood reveals a slew of smaller firms winning from trillions of dollars being spent on AI capacity.

The poster child for this rally is Sterlite Technologies Ltd., the optical-fiber maker owned by the Vedanta Group which has surged more than 530% this year. It got a $1.1 billion multi-year contract from a US-based hyperscaler last month. Its competitor, HFCL Ltd., has jumped 191% while MTAR Technologies Ltd., which makes precision cooling and power components, has more than trebled.

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