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Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz

The company's board is scheduled to meet on April 28 to consider a proposal for raising funds

traders reacts as Sensex reached 30,000 mark (Photo: PTI)
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SI Reporter Mumbai
Sterlite Technologies zoomed 17.5 per cent to a high of Rs 242.90 in intra-day trades on Friday amid reports of stake sale by the company in three of its verticals. 

The stock moved higher on the back of heavy volumes as around 1.35 million shares have changed hands on the BSE so far, as against a two-week daily average traded volume of around 0.11 million shares. As of 2:30 PM, the stock was 14.8 per cent higher at Rs 237.20 as against a 0.9 per cent fall on the S&P BSE Sensex.

According to a Business Line report, Vedanta

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