Sterlite Technologies trades high on the bourses

30 Dec 2016 Evaluate

Sterlite Technologies is currently trading at Rs. 96.30, up by 1.20 points or 1.26% from its previous closing of Rs. 95.10 on the BSE.

The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 97.00 and Rs. 95.80 respectively. So far 19421 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 112.90 on 24-Oct-2016 and a 52 week low of Rs. 69.40 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 97.00 and Rs. 94.20 respectively. The current market cap of the company is Rs. 3832.69 crore.

The promoters holding in the company stood at 54.55%, while institutions and non-institutions held 16.17% and 29.28% respectively.

Sterlite Technologies is reportedly expecting to more than double its order book in a year on the back of growing broadband infrastructure in the country as well as growth in overseas markets. The company is sitting with a strong order book of Rs 2,500 to Rs 2,700 crore, and has a very strong visibility of pipeline of Rs 6,000 to Rs 7,000 crore.

The Pune-based company is also investing Rs 300 crore to increase the annual fibre production capacity from nearly 22 million to 30 million km, and the planned expansion, according to it, would be completed by June 2017.

Sterlite Technologies has strong expertise in managing very large-scale broadband network deployments in urban and rural areas through projects such as BharatNet, Network for Spectrum, Smart Cities, FTTH, 4G, among others. All the learning and global standards have been leveraged while structuring the curriculum.

Sterlite Technologie Share Price

121.95 3.90 (3.30%)
05-Nov-2024 13:49 View Price Chart
Peers
Company Name CMP
Polycab India 6487.00
KEI Industries 3912.65
RR Kabel Ltd. 1516.90
Sterlite Technologie 121.95
Finolex Cables 1207.55
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