Sterlite Tech jumps 7% as it secures fresh orders worth Rs 1,500 crore

In the past one year, shares of the company have dropped over 53 per cent as against around 13 per cent rise in the Nifty50 index.

Shares of Sterlite Technologies (STL) jumped over 7 per cent on Thursday, a day after the company informed that it has added new orders of Rs 1,500 crore. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas such as software virtualisation, the company said in its press release.

At 09:32 am, the stock was trading nearly 5 per cent higher at Rs 116 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading 32 points or 0.08 per cent lower at 41,291.

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