Ster­lite Tech­nolo­gies

Flash News Investment - - RECOMMENDATIONS -

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.

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