Sterlite Tech may rally to Rs 45: SP Tulsian

Sterlite Tech may rally to Rs 45, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “I don’t think that in case of Moser Baer you have any news. We have been hearing that debt recast and maybe the monetization of some of their power projects but I won’t be too confident and comfortable with these kind of up move.”
He further added, “In case of Sterlite Technologies couple of days back we have seen the government releasing the broadband optical fibre cable laying of about Rs 5,000 crore and the beneficiary of that is directly seen to be Sterlite Technology. As such the stock has been languishing at much lower to its fundamental valuation. So the order of that broadband fibre optic network of about Rs 5,000 crore released by the government couple of days back seem to be a big trigger for the stock. I continue to maintain my positive stance and won’t be surprised to see a price of Rs 45 in the next couple of months or so.”