Sterlite Technologies (Moves In New Waves)

Sterlite Technologies (Rs. 80.00) (Code: 532374)

The shares of this B group listed company have face-value of Rs. 2. The share touched a high of Rs. 110 and low of Rs. 48 in the last 52 weeks. The company has 35% market share in telecom optical fibre cables and power conductors. Its portfolio includes eight power projects. The demerger of its power and cable businesses will become effective in the fourth quarter of current year. It is expected to benefit significantly from the rollout of 4G services and Digital India programme. It also plans to set up a LCD panel unit with an investment of Rs. 40,000 crores. Promoter stake in the company is 54.81%, DIIs 10.34% and others 31.95%. The company can deliver Good returns in the short to medium term.

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