Sterlite Technologies’ stock has seen a notable rise, trading at Rs. 126.90, a 3.93% increase of 4.80 points from its previous close at Rs. 122.10 on the BSE.

The stock opened at Rs. 123.80, reaching a high of Rs. 129.70 and a low of Rs. 121.95 during the day, with 93,603 shares traded. In the past year, the stock has ranged from a high of Rs. 162.95 (on November 17, 2023) to a low of Rs. 109.80 (on June 4, 2024). Over the past week, it touched a high of Rs. 129.70 and a low of Rs. 116.00. The company’s current market capitalization is Rs. 6,200.11 crore.

Shareholding in the company includes 44.17% held by promoters, 19.04% by institutional investors, and 36.78% by non-institutional investors.

Sterlite Technologies has emerged as the lowest bidder (L1) for a contract with Bharat Sanchar Nigam Limited (BSNL) to build, upgrade, operate, and maintain the middle-mile network for BharatNet in Jammu & Kashmir under the DBOM (Design, Build, Operate, and Maintain) model, valued at Rs. 1,625.36 crore. The company is recognized as a key digital network integrator, especially in 5G solutions.