India's Sterlite Technologies rises most in 2-1/2 years on quarterly profit rebound

Sterlite Technologies

28/07/2025 06:43

** Shares of Sterlite Technologies STTE.NS rise as much as 8.3% to 127.9 rupees, highest since February 1, 2023

** Optical and digital solutions co posts a profit of 100 million rupees ($1.16 million) in June-qtr consol net profit, compared to loss of 480 mln rupees a year ago

** Revenue from operations rise 16.8 y/y

** Stock rated "buy" on avg; median PT is 150 rupees, per data compiled by LSEG

** Stock down 31% YTD

($1 = 86.5040 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))