India's Sterlite Technologies near 1-month high on stock sale approval

Sterlite Technologies

09/04/2024 05:23

** Shares of data network solutions provider Sterlite
Technologies  STTE.NS  rise 10% to 141.15 rupees, highest level
since March 4 
    ** STTE approved opening a qualified institutions placement
(QIP) on Monday, sets floor price of 119 rupees per share 
    ** Over 3.5 mln shares change hands by 9:43 a.m. IST, ~1.7X
THE 30-DAY AVG
    ** Stock up 27.4% so far in April; was down in the previous
two months 


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))