Buy Sterlite Technologies Ltd. target Rs 380.0 : Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Sterlite Technologies Ltd. with a target price of Rs 380.0 . The current market price of Sterlite Technologies Ltd. is Rs 368.3 Time period given by the analyst is Intra Day when Sterlite Technologies Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 350. Sterlite Technologies Ltd., incorporated in the year 2000, is a midcap company with a market cap of Rs 14453.64 crore.

Sterlite Technologies Ltd. key Products/Revenue Segments include Cable Telephone System (CTS) which contributed Rs 2145.58 Crore to Sales Value (74.14 % of Total Sales), Income from Project Development which contributed Rs 493.22 Crore to Sales Value (17.04 % of Total Sales), Software Products which contributed Rs 123.20 Crore to Sales Value (4.25 % of Total Sales), Sale of services which contributed Rs 63.57 Crore to Sales Value (2.19 % of Total Sales), Export Incentives which contributed Rs 43.41 Crore to Sales Value (1.50 % of Total Sales) and Scrap which contributed Rs 24.59 Crore to Sales Value (0.84 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 876.89 Crore, up 3.57 % from last quarter Sales of Rs 846.64 Crore and up 22.47 % from last year same quarter Sales of Rs 716.03 Crore Company has reported net profit after tax of Rs 128.48 Crore in latest quarter. The company’s top management includes Dr.Anand Agarwal, Mr.A R Narayanaswamy, Mr.Anil Agarwal, Mr.Arun Todarwal, Mr.Pratik Agarwal, Mr.Pravin Agarwal, Mr.Sandip Das, Ms.Kumud Srinivasan. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-06-2018, the company has a total of 401,482,064 shares outstanding.