Sterlite Technologies has target of Rs 58.50: Tulsian

11293 Investors following Sterlite Optic. Share this News with them.

0

Like this story, share it with millions of investors on M3

Sterlite Technologies has target of Rs 58.50: Tulsian

Sterlite Technologies has target of Rs 58.50, says SP Tulsian of sptulsian.com

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Sterlite Optic See messages about Sterlite Optic Sterlite Techno BSE | NSE 01/06/12 Are Mutual Funds betting on Sterlite Techno?

Sterlite Technologies has target of Rs 58.50, says SP Tulsian of sptulsian.com

Tulsian told CNBC-TV18, "Sterlite Technologies is the third largest power conductor and fifth largest optic fibre and optic fibre cable maker in the world. The company is likely to receive a big order from BSNL for their broadband tender for about 3.2 million lines and that is going to be a big booster for the company."

He further added, "For FY12 the company is expected to post an EPS of Rs 6. So taking all this into consideration share looks quite undervalued and if somebody can keep a view of one year the price of Rs 90 can be expected but the day target has been given at Rs 58.50."

Click HERE to know the rules and follow the score card