By Aditya RaghunathInvesting.com -- Shares of Sterlite Technologies Ltd (NS: ) have been steadily moving upwards between February 12 when the stock closed at Rs 174.65 and March 2 when they closed at Rs 220.35, an uptick of over 26%. Sterlite Tech, a mobile equipment manufacturer, has seen its order book rise to a record Rs 11,300 crore as telecom companies in West Asia and Africa look to increase capacity. It also received an order from a telco in north Africa for Sterlite Tech’s digital billing solutions. Market analyst Rajesh Palviya, in an interview with Zee Business, said that he is positive about Sterlite Tech in the short term. He said, “…Sterlite Technologies stock is moving towards the level of Rs 240.

Source: The North Africa Journal March 03, 2021 03:33 UTC