/ Sterlite Technologies Breaches Upper Circuit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 20 July 2017

Sterlite Technologies breached its upper circuit as the stock soared over 19.99% at Rs 206.75 per share during post-lunch hours over strong Q1FY18 financials.The company posted its Q1FY18 financials on Wednesday and the stock increased over 8.98%.

Its consolidated revenue for the quarter came in at Rs 716 crore, registering 27% YoY increase. EBITDA for the quarter rose by 37.5% YoY to Rs 157.05 crore. PAT stood at Rs 69 crore, YoY increase of 66.2%.The stock on NSE attracted a traded volume of 1,74,26,310 shares and a traded value of Rs 34,397.79 lakh.

Meanwhile, the stock has given a 126% returns on a yearly basis. The company has a profit growth of 25.57% in the past five years.Sterlite Technologies Limited is primarily engaged in the business of telecom products and solutions. The company is engaged in the business of fiber optical cable, optical fiber, copper telecom cables and fiber optical cable laying services.

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