Sterlite Technologies Ltd. share price target and research reports

Name: Latest research reports of Sterlite Technologies Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Sterlite Technologies Ltd.
Rating: 5
Author: ICICI Direct

Latest analyst research reports with target prices and PDF download for STLTECH, BSE:532374 Sterlite Technologies Ltd.

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Sterlite Technologies Ltd.

22 May 2023

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

Target

ICICI Direct

Sterlite Technologies Ltd.

22 May 2023

Timken India

Buy: Sterlite Technologies Ltd.

Target

ICICI Direct

Sterlite Technologies Ltd.

28 Jan 2023

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

ICICI Direct

Sterlite Technologies Ltd.

23 Nov 2022

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

ICICI Direct

Sterlite Technologies Ltd.

23 Jul 2021

Sterlite Technologies

Hold: Sterlite Technologies Ltd.

Target

ICICI Securities Limited

...

Sterlite Technologies Ltd.

05 Jul 2021

Sterlite Technologies

Hold: Sterlite Technologies Ltd.

Target

ICICI Securities Limited

STL announced a fresh capex of | 200 crore to set up 9 mn Fkm optical fibre cable plant in the US and UK. Consequently, its overall optical fibre cable capacity is expected to expand from 33 mn Fkm to 42 mn Fkm. STL indicated that capacity enhancements will support extensive fibre build-outs planned across the US, Europe and UK to boost rural broadband and 5G roll outs. On the financial front, it aims to reach | 10000 crore revenue run rate by Q4FY23 (vs. | 10000 crore revenue target in FY23 earlier, given Covid led delays in services portfolio) along with net debt/equity < 0.5 and RoCE > 20%. The...

Sterlite Technologies Ltd.

30 Apr 2021

Sterlite Technologies

Hold: Sterlite Technologies Ltd.

Target

ICICI Securities Limited

STL has indicated that OFC capacity utilisations are at 100%. It also said that optical fibre demand has revived by investments in digital infrastructure. Globally, OFC industry volumes in 2021 are likely to grow ~6% YoY. STL perceives that unprecedented decade of digital network creation is on the anvil. The company has also maintained that, going ahead, growth should be driven by growing OFC volumes, optical interconnect business, scaling up SI business (both domestically and going global) and building access solution business. We bake in revenues CAGR of ~26.6% in FY21-23E. We...

Sterlite Technologies Ltd.

21 Jan 2021

Sterlite Technologies

Hold: Sterlite Technologies Ltd.

Recommendation Target

ICICI Securities Limited

STL has indicated that capacity utilisations are at all-time high and execution on the ground for services also continues to improve on Q-o-Q basis. It has guided for continued growth in Q4FY21 on QoQ basis. It has indicated that Optical fiber demand has revived by investments in digital infrastructure. Globally, OFC Industry volumes in H22020 have grown by 5% YoY and STL volumes have grown faster than the industry high. STL perceives that unprecedented decade of digital network creation. Factors such as adoption of open source standard and software defined networking, are some of the...

Sterlite Technologies Ltd.

23 Oct 2020

Sterlite Technologies

Sell: Sterlite Technologies Ltd.

Target

ICICI Securities Limited

Sterlite Technologies Ltd.

24 Jul 2020

Sterlite Technologies

Sell: Sterlite Technologies Ltd.

Recommendation Target

ICICI Securities Limited

We highlight that while long term target is attractive, the fibre pricing weakness persists. Moreover, we would await meaningful traction in demand before turning constructive. Post ~40% run up since our last update, we downgrade our rating to REDUCE (vs. HOLD, earlier). We value...

Is Sterlite Technologies Ltd. worth buying?

844 Votes:

Buy 84.24%

Sell 7.7%

Hold 8.06%