Sterlite Technologies is currently trading at Rs. 343.45, up by 17.15 points or 5.26% from its previous closing of Rs. 326.30 on the BSE.
The scrip opened at Rs. 326.50 and has touched a high and low of Rs. 345.50 and Rs. 324.35 respectively. So far 176518 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. 255.60 on 06-Jun-2018.
Last one week high and low of the scrip stood at Rs. 345.50 and Rs. 317.20 respectively. The current market cap of the company is Rs. 13595.98 crore.
The promoters holding in the company stood at 53.86%, while Institutions and Non-Institutions held 19.55% and 26.59% respectively.
Sterlite Technologies will develop and deliver software-enabled programmable solutions using Red Hat’s portfolio of open, enterprise-grade technologies. The solutions will enable communication service providers, enterprises and citizen networks to realise the full potential of web-scale Network Function Virtualisation Infrastructure (NFVI) platform, for their network automation and Software Defined Network (SDN) initiatives.
Given the volume and variability in data demand by end users in today’s digital landscape, the networks of today and tomorrow need to be higher-speed, more secure, programmable and more reliable. To enable this, Sterlite Tech will leverage Red Hat’s suite to help develop a solution-stack that is more open and vendor agnostic. This will be set up at Sterlite Tech’s Centre for Smarter Networks (CSN), showcasing its SDN and NFV offerings and next-generation revenue-management software, which builds upon the Red Hat NFV solution.
Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.