Sterlite Technologies Ltd. News and Updates

Name: Latest research reports of Sterlite Technologies Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Sterlite Technologies Ltd.
Rating: 5
Author: ICICI Direct

Keep track of all breaking news on Sterlite Technologies Ltd. from all sources in a single place.

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Sterlite Technologies Ltd.

17 May 2023

75.39

-6.36%

Sterlite Tech posts Rs 65 cr net profit in Q4

Moneycontrol

The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter.

Sterlite Technologies Ltd. has lost -41.38% in the last 1 Year

Sterlite Tech swings to profit in Q4 on optical networking boost, net profit at 650 million

livemint | 17 May 2023

Sterlite Technologies Ltd.

17 May 2023

75.39

-6.36%

to see Rapid results content

Sterlite Technologies Ltd.

31 Jan 2023

75.39

-6.36%

Buy Sterlite Technologies; target of Rs 217: YES Securities

Moneycontrol

YES Securities is bullish on Sterlite Technologies has recommended buy rating on the stock with a target price of Rs 217 in its research report dated January 27, 2023.

Sterlite Technologies Ltd. has lost -39.72% in the last 6 Months

Sterlite Technologies Ltd.

29 Jan 2023

75.39

-6.36%

Demand for optical fibre strong despite macro headwinds: Sterlite Tech

Business Standard

Digital solutions company Sterlite Technologies has said investment commitment of global customers for optical fibre remains strong despite macroeconomic headwinds and that telcos and hyperscalers will continue to spend to gain a market edge. According to Sterlite Tech Managing Director Ankit Agarwal, there is no change in the company's production scale-up plans or targets as demand for its product portfolio is robust. "In our key accounts, most of our customers are public, and their investment plans are well known. We track it and see fairly strong capex investment plans over 2-3 years and for some even up to the next 5 years," Agarwal told PTI. He said customers, both telecom and hyperscalers, continue to spend with a focus on innovation and technology. That demand is reflected in the company's order book of Rs 12,054 crore. The term hyperscalers refers to large cloud service providers, whose offerings include computing and storage at an enterprise scale. STL is also positive on

Sterlite Technologies Ltd. has lost -39.72% in the last 6 Months

Sterlite Technologies Ltd.

28 Jan 2023

75.39

-6.36%

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

ICICI Direct

Sterlite Technologies Ltd. has lost -41.38% in the last 1 Year

Sterlite Technologies Ltd.

27 Jan 2023

75.39

-6.36%

Sterlite Technologies posts 13.6% rise in Dec quarter profit to Rs 50 cr

Business Standard

Optical and digital solutions company Sterlite Technologies on Friday reported a net profit of Rs 50 crore for the December 2022 quarter against a loss of Rs 138 crore a year ago. The loss in Q3 FY22 included a one-time provision, a top company official explained. The revenue from operations for the just-ended quarter stood at Rs 1,882 crore, which on a year-on-year basis was about 46 per cent higher than the Q3 FY22. In a statement on the Q3 scorecard, STL said it demonstrated a sharp focus on growth areas, operational efficiencies and strategic capital allocation, resulting in strong financial performance. "Company revenues grew by 46 per cent on a year-on-year basis, and 28 per cent on YTD (year-till-date) basis, and EBITDA increased by 17 per cent on a YTD basis," STL said. It recorded a net profit of Rs 50 crore in Q3 FY23, a turnaround compared to the losses of Rs 138 crore in the same period the previous year. Seen sequentially, the net profit was up 13.6 per cent from Rs

Sterlite Technologies Ltd. has lost -32.58% in the last 3 Months

Sterlite Tech logs Rs 50 crore net profit in December quarter

Moneycontrol | 27 Jan 2023

Sterlite Technologies Ltd.

27 Jan 2023

75.39

-6.36%

to see Rapid results content

Sterlite Technologies Ltd.

24 Nov 2022

75.39

-6.36%

Buy Sterlite Technologies; target of Rs 220: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Sterlite Technologies recommended buy rating on the stock with a target price of Rs 220 in its research report dated November 23, 2022.

Sterlite Technologies Ltd. has lost -41.38% in the last 1 Year

Sterlite Technologies Ltd.

23 Nov 2022

75.39

-6.36%

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

ICICI Direct

Sterlite Technologies Ltd. has lost -39.72% in the last 6 Months

Sterlite Technologies Ltd.

21 Nov 2022

75.39

-6.36%

Hot Stocks | Here's why should bet on Sterlite Technologies, Biocon for short term

Moneycontrol

Sterlite Technologies has managed to traverse the key moving average of 200-day SMA' (simple moving average) with some conviction after a long time, which construes a strong technical development.

Sterlite Technologies Ltd. has lost -32.58% in the last 3 Months

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Is Sterlite Technologies Ltd. worth buying?

817 Votes:

Buy 84.82%

Sell 7.71%

Hold 7.47%

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Sterlite Technologies Ltd. News and Updates

Keep track of all breaking news on Sterlite Technologies Ltd. from all sources in a single place.