Sterlite Technologies trades in green on the BSE
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Sterlite Technologies is currently trading at Rs. 210.55, up by 2.30 points or 1.10% from its previous closing of Rs. 208.25 on the BSE.
The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 217.65 and Rs. 205.60 respectively. So far 203263 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 217.65 on 22-Feb-2021 and a 52 week low of Rs. 59.80 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 217.65 and Rs. 174.95 respectively. The current market cap of the company is Rs. 8297.54 crore.
The promoters holding in the company stood at 54.59%, while Institutions and Non-Institutions held 11.84% and 33.57% respectively.
Sterlite Technologies is studying the fineprint of recently-announced PLI scheme for telecom to assess extent of benefits that may accrue to it on future expansion plans, particularly for its portfolio of 4G/5G wireless radio access equipment.
Overall, the 4-6 per cent incentives offered under the PLI (production-linked incentive) scheme are 'attractive' as these give companies additional impetus to invest more, and faster. The timing too 'works well' for the company which has already carved out aggressive expansion plans.
Sterlite Technologies is an industry-leading integrator of digital networks.
