Sterlite Technologies climbs on getting fundamental grade ‘3/5’ by CRISIL

18 Aug 2011

Sterlite Technologies is currently trading at Rs. 38.75, up by 0.20 points or 0.52% from its previous closing of Rs. 38.55 on the BSE.

The scrip opened at Rs. 38.35 and has touched a high and low of Rs. 38.75 and Rs. 38.00 respectively. So far 77437 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 108.60 on 20-Aug-2010 and a 52 week low of Rs. 37.40 on 17-Aug-2011.

Last one week high and low of the scrip stood at Rs. 43.60 and Rs. 37.40 respectively. The current market cap of the company is Rs. 1532.97 crore.

The promoters holding in the company stood at 54.72% while Institutions and Non-Institutions held 13.80% and 31.47% respectively. 

Rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of ‘3/5’ to Sterlite Technologies. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of ‘5/5’ to the company.

The assigned fundamental grade takes into account the company’s strong position in the domestic (largest) and global (fifth largest) optical fibre and cables market. The company is in the process of almost doubling its optical fibre capacity.

Sterlite Technologies manufactures telecom cables and power transmission conductors. It is the largest domestic player for both telecom cables and power transmission conductors, and has a sizable presence in the global optical fibre and cables market.

Related Sterlite Technologies Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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