Sterlite Technologies surges on launching India`s first Multicore fibre and cable
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Sterlite Technologies is currently trading at Rs. 168.95, up by 4.50 points or 2.74% from its previous closing of Rs. 164.45 on the BSE.
The scrip opened at Rs. 168.95 and has touched a high and low of Rs. 168.95 and Rs. 168.95 respectively. So far 223 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. 168.95 and Rs. 154.30 respectively. The current market cap of the company is Rs. 6548.24 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 (STL) has launched India’s first Multicore fibre and cable. This breakthrough innovation will change the optical connectivity landscape of India. This has been conceptualised and developed indigenously at the company’s Centre of Excellence in Maharashtra with top interdisciplinary R&D experts. The company’s Multiverse leverages Space Division Multiplexing to gain 4X transmission capacity per fibre, within the same diameter.
Sterlite Technologies is an industry-leading integrator of digital networks.
