Latest news with #SterliteTechnologies
Mint
4 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 29 July 2025
Breakout stocks buy or sell: The Indian stock market extended its losing streak for the third straight session on Monday, July 28, closing in the red amid continued pressure from heavy FPI outflows, disappointing corporate earnings, and ongoing uncertainty surrounding India-US trade discussions. The Sensex ended the day 572 points, or 0.70%, lower at 80,891.02, while the Nifty 50 declined by 156 points, or 0.63%, to settle at 24,680.90. Meanwhile, the broader markets also witnessed a downturn, with the BSE Midcap index slipping 0.73% and the Smallcap index dropping 1.31%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has further weakened as the Nifty 50 index has slipped below 24,700 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index has crucial support placed at 24,500 and it is facing resistance at 24,900. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." 1] Jagsonpal Pharmaceuticals: Buy at ₹ 287.8, target ₹ 308, stop loss ₹ 277; 2] Sterlite Technologies: Buy at ₹ 126.2, target ₹ 135, stop loss ₹ 122; 3] Cartrade Tech: Buy at ₹ 2066.9, target ₹ 2200, stop loss ₹ 1980; 4] Vijaya Diagnostic Centre: Buy at ₹ 1141.35, target ₹ 1222, stop loss ₹ 1100; 5] Advait Energy Transitions: Buy at ₹ 2316, target ₹ 2500, stop loss ₹ 2222. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
25-07-2025
- Business
- Business Standard
Sterlite Technologies reports consolidated net profit of Rs 10.00 crore in the June 2025 quarter
Sales rise 16.86% to Rs 1019.00 croreNet profit of Sterlite Technologies reported to Rs 10.00 crore in the quarter ended June 2025 as against net loss of Rs 48.00 crore during the previous quarter ended June 2024. Sales rose 16.86% to Rs 1019.00 crore in the quarter ended June 2025 as against Rs 872.00 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 17 OPM %12.957.34 -PBDT90.0016.00 463 PBT13.00-62.00 LP NP10.00-48.00 LP Powered by Capital Market - Live News
Business Standard
17-07-2025
- Business
- Business Standard
Sterlite Technologies commissions its first green hydrogen facility for optical fibre
Sterlite Technologies (STL) has achieved a major milestone in sustainable manufacturing by collaborating with Hygenco for Maharashtra's first green hydrogen and green oxygen production facility for optical fibre. The green hydrogen project, centred in Chhatrapati Sambhaji Nagar, Maharashtra, will supply green hydrogen and oxygen to STL's glass preform facility. This green hydrogen facility will enable STL to become one of the world's first optical fibre manufacturers to deploy 100% green hydrogen in its production processes and support its goal to achieve Net Zero by 2030. Hygenco will build, own and operate the facility, ensuring a reliable and commercially viable supply for 20 years. STL's semiconductor-grade Glass Preform manufacturing facility in Chhatrapati Sambhaji Nagar is Industry 4.0-enabled plant. It focuses on producing Glass Preforms, essential for creating high-quality optical fibres. Hydrogen and oxygen play a vital role in the optical fibre manufacturing process, serving as fuel in blast furnaces to convert silica particles into glass. Through a strategic Green Hydrogen collaboration with Hygenco, STL aims to reduce carbon emissions by ~30% annually. The plant now features advanced autonomous energy management systems, real-time monitoring, and automated control technologies, enhancing safety and operational efficiency.
Time of India
23-06-2025
- Business
- Time of India
STL expects revenue boost from data centre portfolio, says J&K BharatNet project ‘on track'
NEW DELHI: Homegrown optical solutions maker Sterlite Technologies (STL) expects its enterprise equipment, and recently launched data centre (DC) portfolio to boost its revenues in the coming quarters. STL, which won a ₹2,600-crore deal for the Jammu & Kashmir leg of the BharatNet Phase-III programme in consortium with Dilip Buildcon, said that project execution has started in several regions. 'We aim to capture nearly 25% of our revenues from DC and enterprise products over the next few quarters. And this will be driven by artificial intelligence (AI), cloud, and 5G that are accelerating data centre constructions, along with an anticipated two-fold surge in hyperscaler and colocation capital expenditure (capex) in India in FY26,' Ankit Agarwal, managing director, STL, told ETTelecom in an interview. STL's data centre connectivity offerings include high-performance fibre, copper cabling, connectors, engineering services, and design consultancy. Citing third-party market estimates, STL in its recent quarterly earnings report had said that data centres with GPU-dense racks require 36-times more fibre compared to CPU racks, while AI data centres need 70% higher fibre density than traditional data centres, which will drive the demand for optical fibre cables. 'We have already initiated commercial discussions with multiple hyperscalers, telcos, and colocation operators in India and MEA,' Agarwal said, adding that the vendor's DC portfolio has been well-received across sectors, particularly by enterprises that are scaling private and edge data centers. According to the top executive, the company is adopting a partner-led go-to-market (GTM) strategy to sell its DC connectivity portfolio in the US, Europe, and Southeast Asia in the coming years. In India, STL is hiring several channel partners, including Tech Data India or TD Synnex, which has enabled faster market access across more than 70 cities. 'Pilot deployments are underway in key accounts, which will be followed by full-scale rollouts in the coming quarters,' Agarwal said. Revenue of STL's optical networking business, however, fell by 2.32% year-on-year to ₹3,741-crore in FY25. The vendor's consolidated net loss increased marginally 1.41% year-on-year to ₹72-crore in the fiscal year that ended March 31, 2025. HFCL and Polycab , which are among the leading domestic vendors, are also capitalising on the data centre growth in India. According to a recent study by real estate consulting firm Colliers India, the country's data centre industry is expected to attract $20-25 billion in fresh investments in the next five to six years. It found that the total capacity will more than triple to over 4.5 GW by 2030, driven by the adoption of cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and digitalisation. 'With this new BharatNet project in Jammu & Kashmir, our focus is on expanding broadband connectivity to villages,' Agarwal said. 'Execution is on track in many regions, but challenges like terrain complexity, right-of-way (RoW) issues, and skilled manpower availability can impact rollout pace,' he added. STL suggested that the Central government shift its focus from deployment to monetisation of BharatNet assets, adding that deployment quality and performance tracking must be standardised to ensure long-term viability. The company had previously contributed to the execution of the Network for Spectrum (NFS) project in Jammu & Kashmir, building an intrusion-proof network spanning over 10,000 kilometres for the Indian Armed Forces.
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Business Standard
17-06-2025
- Business
- Business Standard
Smallcap stock zooms 42% in 2 days; 134 mn shares change hands on NSE, BSE
Share price of Sterlite Technologies today: Shares of Sterlite Technologies (STL) continued their upward movement, soaring 19.7 per cent to ₹119 on the BSE in Tuesday's intraday trade to hit a fresh 52-week high amid heavy volumes. In the past two trading days, the stock price of this optical and digital solutions company has surged 42 per cent after the company expanded its Data Centre portfolio to meet emerging requirements for AI data centres. The stock price of smallcap telecom equipment & accessories company surpassed its previous 52-week high level of ₹115.97 touched on July 30, 2024. In the past one week, it zoomed 49 per cent, as compared to 1.1 per cent decline in the BSE Sensex during the same period. The stock has bounced back 91 per cent from its previous month low of ₹59 touched on May 9, 2025. At 11:55 AM, STL was quoting 14.4 per cent higher at ₹113.7, as against 0.25 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped multiple-fold. A combined 133.93 million shares, representing 27.45 per cent of total equity of STL, changed hands on the NSE and BSE till the time of writing this report. Retail individual shareholders held nearly 30% stake in STL As on March 31, 2025, retail individual shareholders held nearly 30 per cent stake in STL, the shareholding pattern data shows. Resident Individuals holding nominal share capital up to ₹2 lakh (22.13 per cent) and Resident Individuals holding nominal share capital in excess of ₹2 lakh (7.39 per cent) have collectively held 144 million shares or 29.52 per cent stake in STL, data shows. The promoters including Twin Star Overseas held 44.16 per cent holding in STL. Expands Data Centre portfolio STL on Monday announced the launch of a new generation of Data Centre solutions, ranging from cabling to end-to-end connectivity offerings designed to power the relentless demands of AI-driven data centre infrastructure. This new-age solution is engineered to meet the exact requirements of hyperscalers, colocation players, enterprises and telecom service providers to build agile, scalable, and sustainable Data Centre infrastructure, the company said, in a press release. With the global data centre market projected to reach $517 billion by 2030 (growing at a compounded annual growth rate (CAGR): 10.5 per cent from 2021- 2030), legacy infrastructure cabling systems are buckling under the demands for lower network latencies, rising network speeds and density requirements, as well as sustainability mandates. With this launch, STL bridges this gap by bringing to the core its more than 30 year's leadership in Optical network connectivity, the company said. STL has partnered with Tech Data – India, a TD SYNNEX subsidiary, a leading global distributor and solutions aggregator for the IT ecosystem, to make STL solutions available in India. FY26 outlook The management in the Q4 earnings conference call said as the STL advances to the next fiscal of FY26 directionally, its strategic priorities remain the same in the optical networking business. Some of the key strategic priorities for FY26 – the company's focus remains on driving growth by increasing market share and optical fiber cables and improving our connectivity attach rates. To achieve the goal of generating significant revenue from data center enterprise segments, STL will accelerate the development of comprehensive data center product suites and tap a vast potential in this market. Additionally, the management said the company will sustain its efforts to drive technology and cost leadership in the optical domain. About Sterlite Technologies (STL) Sterlite Technologies (STL) is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
