Dalal Street Hot Chips Buy Calls – Sterlite Technologies
STERLITE TEHNOLOGIES
BSE Code: 532374
CMP: 87.85
Investment: For trading or Investment
The improving margins due to better product and sales mix and improving returns are likely to result in better performance by the company going forward. This improved performance will be further aided by greater contribution from the high margin optic fibre segment and declining contribution from the low margin copper cable business. The company is strongly considering its earlier announced plans to venture into new verticals which would contribute towards growth of the company. The new verticals planned includes broadband solutions, power EPC solutions and new product lines like optical ground wire cables, high voltage cables etc. The company has been recently (No. of Shares) awarded a LoI by the PFC for its EastNorth inter-connection mega transmission project worth Rs 800 crore. The project involves establishment of two 400 KV double circuit transmission lines that would connect the Indian states of Assam with West Bengal and Bihar. One can look at the stock for trading as well as investment purposes.
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