India's Sterlite Technologies rises on microcable launch

Sterlite Technologies

12/09/2024 10:56

** Shares of Sterlite Technologies  STTE.NS  rise as much as
3.4% to 132.90 rupees
    ** Optical and digital solutions firm says it has launched
microcable with 180-micron fibre
    ** Adds, this cable can be deployed in 8mm microducts using
air-blowing techniques, reducing installation time and cost
    ** Avg rating of three analysts equivalent of "hold", median
PT is 164 rupees - LSEG data
    ** Stock down 9.5% YTD




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))