Sterlite Aiming for a Turnaround. Sterlite Technologies Ltd., is an Indian Multinational Firm that is engaged in operations of producing optical fibers cables, network software and network services. Its CMP is 186.65.
Negatives of Sterlite are such that their quarterly net profits are declining, Promoters and MFs are decreasing their respective holdings.
Positives for the company are that FIIs are increasing stake, net cash flow is improving and the company has Zero promoter pledge.
Entry in Sterlite Techno can be taken after closing above 191. Targets will be 206 and 221. Long term target in the stock will be 235+. Stop Loss in Sterlite can be maintained at a closing below 154 on a weekly closing.
