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Sterlite Technologies slips despite aiming 20% growth in business in FY23

24 Feb 2022 Evaluate

Sterlite Technologies is currently trading at Rs. 175.35, down by 14.90 points or 7.83% from its previous closing of Rs. 190.25 on the BSE.

The scrip opened at Rs. 184.90 and has touched a high and low of Rs. 184.90 and Rs. 175.00 respectively. So far 83484 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.00 on 22-Jul-2021 and a 52 week low of Rs. 175.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 201.85 and Rs. 175.00 respectively. The current market cap of the company is Rs. 7137.75 crore.

The promoters holding in the company stood at 54.20%, while Institutions and Non-Institutions held 14.09% and 31.71% respectively.

Sterlite Technologies is aiming about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs. With a notable drop in COVID-19 cases and easing of curbs, the company is encouraging employees to 'return to office' and has seen positive responses across offices in both India and globally. Its factories are running at 100 per cent capacity with all precautions in place.

Sterlite Technologies is an industry-leading integrator of digital networks.

Sterlite Technologie Share Price

262.45 6.80 (2.66%)
17-Apr-2026 16:59 View Price Chart
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