Sterlite Technologies is engaged in designing, building and managing smarter digital networks. It has 40% market share in the domestic optical fibre (OF) market and has a capacity of 28/15 mn fibre km. As 5G wave is expected to initiate in upcoming years, there is a strong global demand for fibres.
The company has robust order book of Rs 3140 crore, out of which almost 50% belongs to the services segment. In H1FY18, revenue grew by 25.3 per cent YoY and PAT jumped by 91.3 per cent YoY. The company has set a huge target of achieving PAT of USD 100mn by FY20. There are many demand drivers which will aid its revenue and help it achieve the PAT target. Hence, we recommend our readers to BUY this scrip.