Sterlite Technologies Ltd share Price

Sterlite Technologies Ltd. is an Indian multinational technology company that provides all-in 5G solutions. The company has expanded its portfolio to manufacture and supply power transmission conductors, fibre optic cables, optical fibres, structured data cables, aluminium and alloy rods, copper telecom cables, cable accessories, and customer premise equipment. It was incorporated in 1988 with its headquarters in Mumbai. During the June 2022 quarter, the company reported a total income of Rs 1,580 crore, down 2.05% from the previous March 2022 quarter. On 29 August 2022, its market capitalisation stood at Rs 6,828 crore.  

The company’s share is listed on the Bombay Stock Exchange with the code 532374 and on the National Stock Exchange with the code STLTECH.  

Sterlite Technologies Ltd. is amongst the top optical players in the world due to its capabilities across software, wireless connectivity, and optical networking services. STL has a strong global presence in the US, the UK, Italy, India, Brazil, and China.  

On 30 June 2022, the company’s shareholding pattern revealed a promoter stake, foreign institutional investor stake, domestic institutional investor stake, and public stake of 54.15%, 5.99%, 7.2%, and 32.66%, respectively. The leading promoter is Twin Star Overseas Ltd. with a 52.64% share. In the June 2022 quarter, the company’s promoter holdings decreased from 54.16% to 54.15%, mutual fund holdings dipped from 4.89% to 4.19%, and FII holdings declined from 6.14% to 5.99%.  

Sterlite Technologies Ltd.’s leadership team includes Mr Anil Agarwal, Mr Chris Rice, Mr Mihir Modi, Mr Paul Atkinson, Mr Praveen Cherian, Dr Badri Gomatam, Mr Raman Venkatraman, Mr K S Rao, Mr Manuj Desai, Mr Manish Sinha, Mr Rajesh Gangadhar, Mr Ben Parker, Mr Jitendra Balakrishnan, Ms Akanksha Sharma, and Ms Anjali Byce. The auditors of the company are Price Waterhouse Chartered Accountants LLP. On 30 June 2022, the company disclosed a total of 39.78 crore shares outstanding.  

On 29 August 2022, Sterlite Technologies Ltd.’s share price was trending at Rs 173.75 on BSE and at Rs 173.30 on NSE. The 52-week high for Sterlite Technologies Ltd.’s share price was Rs 317.40, and the 52-week low for the company’s share price was Rs 128.60. Sterlite Technologies Ltd.’s share provided a -32.99% one-year return to its investors.  

As of August 2022, Aditya Birla SL Liquid Fund had a 0.24% stake in Sterlite Technologies Ltd. 

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