Sterlite Technologies jumps on unveiling 5G Cosmos
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Sterlite Technologies is currently trading at Rs. 179.00, up by 13.35 points or 8.06% from its previous closing of Rs. 165.65 on the BSE.
The scrip opened at Rs. 169.95 and has touched a high and low of Rs. 182.50 and Rs. 167.65 respectively. So far 65718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 317.45 on 13-Dec-2021 and a 52 week low of Rs. 128.60 on 26-Jul-2022.
Last one week high and low of the scrip stood at Rs. 182.50 and Rs. 158.45 respectively. The current market cap of the company is Rs. 7077.84 crore.
The promoters holding in the company stood at 54.15%, while Institutions and Non-Institutions held 13.20% and 32.65% respectively.
Sterlite Technologies has unveiled 5G Cosmos - an optical solution for towers and small cells - to lend speed to the 5G rollout. Despite the intent and capital availability, India's fibre space is constrained by deployment speed and scale. 5G Cosmos is an Atmanirbhar, patented solution that can solve these challenges and connect every tower, small cell and node.
It comprises of 5G optical network topology design, StellarTM Fibre, Celesta intelligently bonded ribbon cables, Plug-and-Play optical devices and Automation-led fibre deployment.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
