Is Sterlite Tech a good buy?

Sterlite Tech is an amazing stock by all accounts. It has generated significant returns for people who bet on the company early and it’s got the financials to back it up. But it’s also a company that brings with itself significant risks because of the business it operates in.

What does Sterlite Tech do?

The Company designs and deploys high-capacity converged fibre and wireless networks. With expertise ranging from optical fibre and cables hyper-scale network design and deployment and network software the Company is the industry’s leading integrated solutions provider for global data networks.

Why is Sterlite Technologies falling?

Shares of Sterlite Technologies tumbled as much as 12.6 percent at Rs 188.7 apiece—the lowest level since July 2017—after the announcement. To be sure, the company’s shares have been declining for six straight months due to concerns over promoters’ pledged shares, lower fibre cable prices and falling margin.

Is Sterlite technology part of Vedanta?

A sister concern of the London-headquartered mining and metals conglomerate Vedanta Group, Sterlite Tech mainly makes optical fibre and cables.

Why did Sterlite shut down copper?

Why the plant shut down A plant of Vedanta’s subsidiary Sterlite Copper, which had a production capacity of four lakh tonnes, was shut down in May 2018 by the Tamil Nadu government after the state’s pollution control board made a recommendation following violent protests by residents.

Who owns Sterlite technology?

Twin Star Overseas Ltd.
Sterlite Technologies/Parent organizations

Who owns Sterlite Technologies?

Is Sterlite really harmful?

Sterlite copper unit in Tamil Nadu was shut down without evidence of ‘toxicity’ or cancer. ThePrint investigation finds there is no official evidence linking the plant to the health of the local population; cancer rates similar to rest of state.

Does Sterlite produce oxygen?

Vedanta Ltd owned Sterlite Copper has commenced production of medical oxygen at its facility in Tamil Nadu and the first batch of ‘medical grade oxygen’ was dispatched on Thursday, authorities said.

Which share is more profitable?

Which are the Most Profitable Shares (Business) in Indian Stock Market?

What kind of company is Sterlite Technologies Limited?

About STL – Sterlite Technologies Limited. STL, Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STRTECH is a digital technology multinational company having offices in India, China, US, SEA, Europe and MEA. It is listed on Bombay Stock Exchange and National Stock Exchange of India .

What is the current dividend yield of Sterlite Technologie?

The current year dividend for Sterlite Technologie is Rs 3.50 and the yield is 0.68 %. Sterlite Technologies (STL) was incorporated in 2000 under the name Sterlite Optical Technologies. The company’s business activities involve manufacturing of telecommunication cables. Later in the year 2007 the name was changed to Sterlite Technologies.

What do you need to know about Sterlite Ultranet?

Sterlite Ultranet Telecom Software Innovation Center of Excellence Terabit Transmission FTTx Demo Center Testing Facilities Photonics Lab Glass Science Lab Reliability Lab Investors Basic Stock information Company Overview Financial Overview Company events / calendar Analyst and shareholding Downloads Merger Demerger About Us Company Overview

When did Sterlite Technologies acquire Metallurgica Bresciana?

On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million. On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.