Sterlite Technologies gains 3% after partnership with Windstream
- Hot Stocks
admin
- 0
- 2 minutes read
Sterlite Technologies is an end-to-end solutions provider for global digital networks.
Sterlite Technologies (STL) shares were up 3 percent in morning trade on July 12 after the company announced its partnership with Windstream.
At 9.27 am, the stock was trading at Rs 152.70 on the National Stock Exchange, up 3.07 percent from the previous close.
Under the agreement, Sterlite will support Windstream’s their large-scale fiber expansion projects. The collaboration started in February 2021, when STL began providing Optical Networking Solutions to Windstream.
Sterlite Technologies is an end-to-end solutions provider for global digital networks.
Follow our live blog for all market action
The company reported consolidated net profit of Rs 65 crore in Q4 FY23 as against loss of Rs 22 crore in Q4FY22. Net sales jumped 25.1 percent year-on-year (YoY) to Rs 1,872 crore in Q4 FY23.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
:max_bytes(150000):strip_icc():format(jpeg)/PaperworkatDesk-1a3837aec527439dbbf86d99a89611ba.jpg "2024 and 2025 Federal Income Tax Brackets, Standard Deductions, and Tax Rates")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1245836826-2b88234057c442f7bf5538ddb7f7584a.jpg "What It Would Take for the U.S. Dollar To Collapse")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1336655800-0cde652f461b4771aa45601032b5420b.jpg "Home Equity Loans and Divorce")
:max_bytes(150000):strip_icc():format(jpeg)/WhatIstheThree-YearRuleAug.262021-09d1295e78a743ecac4a31c6c042d52d.jpg "Reverse Mortgage Income Requirements")