India's Sterlite Technologies down on swing to quarterly loss

Sterlite Technologies

25/01/2024 07:29

** Shares of Sterlite Technologies  STTE.NS  down 5.1% at
135.65 rupees, lowest since early Nov. 2023
    ** Stock logs largest intraday pct decline since late Nov.
2023
    ** Data network tech co reported Dec qtr loss vs profit year
ago
    ** Roughly 2.4 mln shares change hands so far, 1.5X the
30-day moving average
    ** Rival Tejas Networks'  TEJS.NS  wider loss tanked shares
earlier this week

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))