Sterlite Technologies rose 1.3% to Rs 199.35 at 12:13 IST on BSE after company won four contracts worth $15.5 million from leading infrastructure companies in Nigeria, Uganda, Algeria and Bangladesh.
The company announced this during market hours today,
The stock hit a high of Rs 199.80 and a low of Rs 191.50 so far during the day. The stock had a 52-week high of Rs 381.40 on
The mid-cap scrip has an equity capital of Rs 32.23 crore. Face value per share is Rs 5.
The current price of Rs 199.35 discounts its Q4 March 2008 annualised EPS of Rs 21.28, by a
PE multiple of 9.36.
The order is for the supply of power conductors to these companies from July 2008 to November 2008.
Sterlite Technologies' net profit rose 77.5% to Rs 34.3 crore on 40.7% rise in sales to Rs 543.62 crore in Q4 March 2008 over Q4 March 2007.
Sterlite Technologies is engaged in manufacturing and marketing optical networking products including optical fibre and optical fibre cables. The optical fiber cable plants produce standard and customized cables.
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