Sterlite Technologies Ltd share price logo

Sterlite Technologies Ltd (STLTECH)

₹127.651.03%

bell
Get free price alerts. Set up your Free investment account to get Live Prices. >
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Sterlite Technologies Ltd share Performance

  • ₹126.45
    ₹130.15
    ₹127.65
    downward going graph

    0.94%

    Low

    Day's Volatility:2.90%

    High

    1.96%

    downward going graph
  • ₹110.1
    ₹179.05
    ₹127.65
    downward going graph

    13.75%

    Low

    52 Weeks Volatility:54.01%

    High

    40.27%

    downward going graph
1 Month Return-8.97 %
3 Month Return-10.99 %
1 Year Return-16.96 %
Previous Close₹126.35
Open₹127.00
Volume13.96L
Upper Circuit-
Lower Circuit-
Market Cap₹6,160.48Cr

Analyst Rating

based on 2 analysts

HOLD
50.00%
Buy
0.00%
Hold
50.00%
Sell

Based on 2 analysts offering long term price targets for Sterlite Technologies Ltd. An average target of ₹140

Source: S&P Global Market Intelligence

Company Information

Sterlite Technologies Ltd (STL) is an Indian multinational company that provides integrated end-to-end solutions in the telecom and power transmission industry. Incorporated in 1996, STL is headquartered in Pune, India and operates in four main lines of business: Telecom, Power, Oil & Gas and Smart City Solutions. The company offers a wide range of products and services ranging from optical fibre cables and power conductors to turnkey projects and system integration. STL's top products include optical fibre cables, power conductors, power systems, telecom systems, and smart city solutions.

The company's popular brands include Opticom, Sterlite Power, Sterlite Grid, and Sterlite Smart City. STL is a leader in the telecom and power transmission industry, providing innovative solutions to customers across the globe. The company has a presence in more than 100 countries and has a strong customer base in India and the Middle East.

Share Price: ₹127.65 per share as on 27 May, 2024 04:01 PM
Market Capitalisation: ₹6,160.48Cr as of today
Revenue: ₹1,140.00Cr as on March 2024 (Q1 24)
Net Profit: ₹-82.00Cr as on March 2024 (Q1 24)
Listing date: 08 Dec, 2000
Chairperson Name: Anil Agarwal
OrganisationSterlite Technologies Ltd
HeadquartersPune
IndustryCables
E-voting on sharesClick here to vote

Key events for Sterlite Technologies Ltd

  • Sterlite Tech Partners with Du Telecom for Optical Fibre Cables - 14 May, 2024

    Sterlite Technologies has signed a new 5-year contract and entered into a strategic partnership with Du Telecom of UAE for advanced optical fibre cables, enabling faster deployment of networks with reduced CapEx and OpEx.

  • Sterlite Technologies Q4 Results Show Significant Downturn - 10 May, 2024

    Sterlite Technologies reported a topline decrease of 39.2% and a loss of ₹82 crore in Q4, compared to a profit of ₹67 crore in the same period last year. The company's stock performance has been lackluster with negative returns in the last week, six months, and year-to-date. Analysts have mixed ratings for Sterlite Technologies.

  • Sterlite Technologies Ltd Posts Consolidated Loss in Q2 FY2024 - 09 May, 2024

    Sterlite Technologies Ltd has reported a consolidated loss of Rs. 82 crores in Q2 FY2024, with total income of Rs. 1154 crores. The company's net profit/(loss) for the period ended March 31, 2024 was Rs. -82 crores compared to Rs. -57 crores for the period ended December 31, 2023. Sterlite Technologies' shares closed at Rs. 124.65 on May 9, 2024.

  • Sterlite Tech Reports Losses in Q4 FY24 - 08 May, 2024

    Sterlite Technologies reported a consolidated loss of Rs.82 crore in Q4 FY24 and recommended no dividend for the financial year ended March 31, 2024. The company's revenue from operations declined by about 39% YoY during the quarter. Despite difficult market dynamics and low optical demand in FY24, Sterlite raised Rs.1,000 crore via a Qualified Institutional Placement (QIP), showing strong investor confidence in its growth trajectory.

  • Sterlite Technologies partners with Archtop Fiber to expand optical solutions - 30 Apr, 2024

    Sterlite Technologies has partnered with Archtop Fiber to develop mission-critical optical solutions for its multi-gigabit fiber internet network spanning over 2,500 miles across the Northeast region of the United States. STL will supply high-fiber count, loose-tube, and ribbon design optical cables along with OptoBlaze and OptoBolt products. The partnership aims to bring faster and reliable internet solutions to underserved markets in New York's Hudson Valley and beyond.

  • Sterlite Technologies and Other Vendors Seek Government Intervention to Halt Chinese Telecom Imports - 29 Apr, 2024

    Sterlite Technologies, along with other domestic vendors, has raised concerns over the import of telecom and networking gear from China despite India's trusted sources sourcing guidelines. The Voice of Indian Communication Technology Enterprises (VoICE) has sought government intervention to halt the practice.

  • Sterlite Technologies' US-manufactured Fiber Optic Cable products compliant with BABA provisions - 25 Apr, 2024

    Sterlite Technologies announced compliance of its Fiber Optic Cable products in the United States with the Build America, Buy America (BABA) provisions. The company's stock rose nearly 20% in the past month. Sterlite unveiled a series of products that will be added to its In America, For America portfolio of fiber optic cables. The company focuses on reducing debt levels and improving business fundamentals.

  • Sterlite Tech Compliant with IIJA Provisions; Urges Doubling Fiber Deployments in India - 24 Apr, 2024

    Sterlite Technologies announces compliance with Build America, Buy America provisions for its US-manufactured fiber optic cables. Meanwhile, Sterlite's MD urges Indian telecoms to increase fiber deployments and improve broadband access.

  • Sterlite's Claims Worth Rs 145 Crore Rejected by Arbitrator - 22 Apr, 2024

    An arbitrator has rejected Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project. The company is evaluating options to challenge the award of the arbitrator.

  • Arbitrator Rejects Sterlite Technologies' Claims Against BSNL - 20 Apr, 2024

    An arbitrator has rejected Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project. STL is evaluating options to challenge the award of the arbitrator.

  • Arbitrator Rejects Sterlite Technologies' Claims Against BSNL - 19 Apr, 2024

    An arbitrator has rejected Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project. STL is evaluating options to challenge the award of the arbitrator.

  • Sterlite Technologies Raises Rs 1,000 Crore Through QIP - 17 Apr, 2024

    Sterlite Technologies has raised Rs 1,000 crore through a Qualified Institutional Placement (QIP) route by issuing equity to investors such as HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund. The paid-up equity share capital of Sterlite Technologies now stands at Rs 97.5 crore comprising 48.5 crore equity shares.

  • Sterlite Technologies Raises Rs 1,000 Crore Through QIP - 16 Apr, 2024

    Sterlite Technologies has raised Rs 1,000 crore through a qualified institutional placement (QIP) route. The company sold 22 percent equity stake via the institutional share sale to reputed global and Indian investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs and Bandhan Mutual Fund.

  • Sterlite Raises Rs 1,000 Crore Through QIP Issue - 15 Apr, 2024

    Sterlite Technologies has raised Rs 1,000 crore through a qualified institution placement (QIP) issue by issuing 8.84 crore equity shares to eligible qualified institutional buyers. HDFC Mutual Fund emerged as the largest investor in the share sale. The company has not disclosed the reason for the fund raise. The stock fell nearly 3.4 percent at open on the NSE on April 15 after the announcement.

Fundamentals of Sterlite Technologies Ltd

Insights on Sterlite Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 5.02% to 9.97% in Apr 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.10% to 8.43% in Apr 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Tejas Networks Ltd has given 549.2% return, outperforming this stock by 599.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Tejas Networks Ltd has given 72.0% return, outperforming this stock by 89.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 38.99% to 33.38% in Apr 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 53.98% to 44.19% in Apr 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 5 quarters, 1.89K Cr → 1.15K Cr (in ₹), with an average decrease of 11.5% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, STLTECH stock has moved down by -19.7%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 5 quarters, 65.0 Cr → -82.0 Cr (in ₹), with an average decrease of 91.4% per quarter

Sterlite Technologies Ltd Valuation

Sterlite Technologies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-111.13x)

April 16, 2024

Today (-98.71x)

May 24, 2024

Industry (69.53x)

May 24, 2024

Highest (153.63x)

April 22, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.36%
HDFC Capital Builder Value Fund -Direct Plan - Growth OptionHDFC Capital Builder Value Fund -Direct Plan - Growth Option1.71%
HDFC Dividend Yield Fund Direct GrowthHDFC Dividend Yield Fund Direct Growth1.4%
Bandhan ELSS Tax saver Fund - Direct Plan - GrowthBandhan ELSS Tax saver Fund - Direct Plan - Growth0.76%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth0.25%

Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
44.19%
-18.14
Foreign Institutions
9.97%
98.64
Mutual Funds
8.43%
8286.67
Retail Investors
33.38%
-14.39
Others
4.03%
111.54

Technicals of Sterlite Technologies Ltd share

News & Events of Sterlite Technologies Ltd

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Sterlite Technologies Ltd shares.

Sterlite Technologies Ltd (STLTECH) share price today is ₹127.65

Sterlite Technologies Ltd is listed on NSE

Sterlite Technologies Ltd is listed on BSE

  • Today’s highest price of Sterlite Technologies Ltd is ₹130.15.
  • Today’s lowest price of Sterlite Technologies Ltd is ₹126.45.

PE Ratio of Sterlite Technologies Ltd is -98.71

PE ratio = Sterlite Technologies Ltd Market price per share / Sterlite Technologies Ltd Earnings per share

Today’s traded volume of Sterlite Technologies Ltd(STLTECH) is 13.96L.

Today’s market capitalisation of Sterlite Technologies Ltd(STLTECH) is ₹6160.48Cr.

Sterlite Technologies Ltd(STLTECHPrice
52 Week High
₹179.05
52 Week Low
₹110.1

Sterlite Technologies Ltd(STLTECH) share price is ₹127.65. It is down -28.71% from its 52 Week High price of ₹179.05

Sterlite Technologies Ltd(STLTECH) share price is ₹127.65. It is up 15.94% from its 52 Week Low price of ₹110.1

Sterlite Technologies Ltd(STLTECHReturns
1 Day Returns
1.3%
1 Month Returns
-8.97%
3 Month Returns
-10.99%
1 Year Returns
-16.96%