India's Sterlite Technologies gains after quarterly profit surges
Today 10:00
BUZZ-India's Sterlite Technologies gains after quarterly profit surges ** Shares of India's Sterlite Technologies STTE.NS rise 3.7% to 830.50 rupees
** Telecom products maker reports September-quarter consolidated net profit rises to 5.17 billion rupees ($54.44 million) from 40 million rupees a year earlier
** Adds its consolidated revenue from operations more than doubles Y/Y to 25.29 billion rupees from 10.34 billion rupees a year earlier
** More than 3.4 million shares change hands, about 1.6x vs 30-day avg of 2.18 million shares - LSEG-compiled data
** Stock rises more than eightfold YTD
($1 = 94.9650 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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