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Sterlite Technologies is currently trading at Rs. 86.85, up by 2.80 points or 3.33% from its previous closing of Rs. 84.05 on the BSE.
The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 91.20 and Rs. 86.00 respectively. So far 1399096 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.20 on 01-Jul-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 91.20 and Rs. 78.55 respectively. The current market cap of the company is Rs. 3432.25 crore.
The promoters holding in the company stood at 54.82% while Institutions and Non-Institutions held 12.25% and 32.91% respectively.
Sterlite Technologies is planning to invest up to Rs 400 crore on capacity expansion as it targets a major part of the Rs 72,000-crore BharatNet project. National Optical Fibre Network (NOFN) or BharatNet, which forms the backbone of the Digital India initiative, seeks to connect 2.5 lakhgram panchayats with high speed broadband by December 2017. The project cost is estimated to be around Rs 72,778 crore.
Indian optic fibre demand till date is at around 14-15 million km. The company already has a capacity of about 22million km, which it is going to take it in stages to 30 million km. The company has put in close to Rs 600 crore. Over the next few years it will invest another Rs 300-400 crore in Sterlite.
Sterlite Technologies develops & delivers products, solutions and infrastructure for telecom & power transmission networks, globally.
| Company Name | CMP |
|---|---|
| Polycab India | 6723.00 |
| Sterlite Technologie | 126.30 |
| KEI Industries | 4100.00 |
| RR Kabel Ltd. | 1710.00 |
| Finolex Cables | 1443.25 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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