India's Sterlite Tech set for biggest daily drop in four years on discounted block deals

Sterlite Technologies

11/02/2026 06:56

** India's Sterlite Technologies STTE.NS slides 10% to 141.74 rupees

** Set for biggest single-day pct drop in about four years

** About 2.75 million shares, representing 0.56% stake in the company, change hands in three large deals, per data compiled by LSEG

** Shares traded between 141.74 rupees and 142.36 rupees apiece, a discount of about 10% to Tuesday's closing price

** Stock rose 18.8% in last two sessions

** It had jumped 78% in 12 sessions after reporting results on January 23

** More than 22.4 million shares of STTE traded on the day, around 3.4x the 30-day average daily volume

** YTD, stock up 37.3%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))