Sterlite Technologies Ltd
STRTECH

94.00

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93.80

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Accumulate
Reco. Price
Rs 91.80

Last updated on 21-Nov-2016

We recommend an ACCUMULATE as government’s BharatNet initiative is expected to boost fibre and cable demand, thus benefitting company. With capacity expansion and lower leverage, we expect PAT to grow by 24% in FY17E. Stock is currently trading at 17.3x P/E on FY17 earnings. (Target Price – Rs.98)
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50 DMA (.)
94.36
100 DMA (.)
91.10
200 DMA (.)
81.10
Weekly Range (.)
93.75
96.85
Monthly Range (.)
87.00
103.75
52 Weeks Range (.)
55.92
113.05
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