Sterlite Technologies may test Rs 140-150: Mehraboon Irani

Mehraboon Irani, Principal and Head of Nirmal Bang Securities told CNBC-TV18, "A company like Sterlite Technologies, clear disclosure, we are buying into it, we have bought it for our clients and personally I own it. I had no complaint with the number and the level at which it is it is a great compelling buy because it is the only integrated cable manufacturer in India and going at 11-12 times earnings before interest, taxes, depreciation and amortisation (EBITDA) of FY17-18. This stock should be around Rs 140-150. I have no complaint with the number but I am not saying they were great also.""Going ahead, I see the numbers improving and that is exactly what one needs to see because the numbs are now passed. What you need to see is anticipate as to what is going to happen and there are pockets of opportunities in the market despite whatever is happening otherwise in the frontline indices," he said.