Sterlite Technologies may test Rs 250: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "If you see from year to date, Sterlite Technologies has gone up from Rs 80 to it is almost three times. So, you are absolutely dot on that. But the numbers that have actually driven this type of return that we have seen on the stock price, first quarter numbers were very good, the base was low and the second quarter will be equally good."

She further added, "The company is benefitting from increased spending in telecom and related infrastructure space. So I think it is a positive. After this, it will enter into some bit of a consolidation phase, so I am not giving a very high price target, maybe Rs 250. But, because valuations are very expensive now at current levels, it is around four times enterprise value to turnover, so to that extent it is a bit expensive."