Sterlite Technologies is currently trading at Rs. 365.40, up by 21.80 points or 6.34% from its previous closing of Rs. 343.60 on the BSE.
The scrip opened at Rs. 354.90 and has touched a high and low of Rs. 378.75 and Rs. 352.00 respectively. So far 5,26,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 414.50 on 24-Jan-2018 and a 52 week low of Rs. 120.00 on 22-Mar-2017.
Last one week high and low of the scrip stood at Rs. 378.75 and Rs. 332.00 respectively. The current market cap of the company is Rs. 14,652.00 crore.
The promoters holding in the company stood at 54.14%, while Institutions and Non-Institutions held 19.30% and 26.56% respectively.
Sterlite Technologies has been awarded Rs 3,500-crore advance purchase order to design, build and manage the Indian Navy’s communications network. This will give the Indian Navy digital defence supremacy at par with the best naval forces globally.
This is the first time that an integrated naval communications network at such a scale is being built in India. The Navy’s communications network has been envisioned as a smarter network infrastructure with enhanced throughput, high-quality secure services and ease of network management. The scope requires the company to design, build and manage the communications network for over a decade through its system integration capabilities.
Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks.
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