INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Sterlite Technologies Ltd
with a target price of Rs 400.0
The current market price of Sterlite Technologies Ltd
is Rs 365.25 Time period given by analyst is Intra Day when Sterlite Technologies Ltd
price can reach defined target
Kunal Bothra recommended to keep stoploss at Rs 348.
Sterlite Technologies Ltd., incorporated in 2000, is a midcap company with a market cap
Sterlite Technologies Ltd
key Products/Revenue Segments include Cable Telephone System (CTS) which contributed Rs 2145.58 Crore to Sales Value (74.14 % of Total
Sales), Income from Project Development which contributed Rs 493.22 Crore to Sales Value (17.04 % of Total Sales), Software Products which
contributed Rs 123.20 Crore to Sales Value (4.25 % of Total Sales), Sale of services which contributed Rs 63.57 Crore to Sales Value (2.19 %
of Total Sales), Export Incentives which contributed Rs 43.41 Crore to Sales Value (1.50 % of Total Sales) and Scrap which contributed Rs
24.59 Crore to Sales Value (0.84 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 876.89 Crore, up 3.57 % from last quarter Sales of Rs
846.64 Crore and up 22.47 % from last year same quarter Sales of Rs 716.03 Crore Company has reported net profit after tax of Rs 128.48
The company’s top management includes Dr.Anand Agarwal, Mr.A R Narayanaswamy, Mr.Anil Agarwal, Mr.Arun Todarwal, Mr.Pratik Agarwal,
Mr.Pravin Agarwal, Mr.Sandip Das, Ms.Kumud Srinivasan
Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-06-2018, the company has a total of 401,482,064 shares
