India's Sterlite Tech hits 3-yr high on winning 26 billion rupee-order

Sterlite Technologies

12/06/2025 06:21

** Shares of Sterlite Technologies STTE.NS zoom ~13% to 86.6 rupees, highest since May 2022

** Stock sees best day in 3 years, busiest since July 2024

** A consortium comprising the co and construction firm Dilip Buildcon DIBL.NS win 26.31 billion-rupee ($308 million) order from BSNL BSNL.NS

** Project to construct, install and maintain telecom network in Jammu & Kashmir and Ladakh circles for a decade - Sterlite

** DIBL up 1.6% on the day

** STTE's trading volumes at more than 11.8 mln shares, 12.6x 30-day moving avg

** Stock rated "buy" on avg; median PT is 105 rupees, per data compiled by LSEG

** Stock up ~8% YTD

($1 = 85.4325 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))