@StageInvesting – Could you please share your views on Sterlite Technologies Limited? The stock has been in a downtrend since January 2022 and been consolidating sideways over the last 3-4 months.
From a business standpoint, it posted good results in the first quarter of FY24, delivering a 42 per cent year-on-year EBITDA growth on the back of operational efficiencies. Its open order book is at Rs 10,938 crore. It also forayed into the IT services industry with STL Digital with an open order book in excess of Rs 900 crore.
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