Rudra Investment Stock Tips Expert says, Optical fibre manufacturing company Sterlite Technologies shares a good growth in Friday's turnover. This increase in Sterlite Technologies shares is due to a better result of the first quarter. In fact, Sterlite Technologies's net profits increased 99 percent to Rs 121 crore in the April-June quarter of FY 2018-19. During the first two quarters of the quarter, the share price on BSE rose by 10.70 per cent to 333.40 rupees. However, at the end of the turnover, the stock closed at an increase of 9.66 per cent to Rs 330.25.
Twice the profit
Net profit of the first quarter of the financial year 2019 rose to 99 crores to Rs. 121 crores. Last year, the net profit of the company was 61 crores in the same quarter.
During this period, the company's income grew by 18 per cent to Rs 877 crore. The company's income in the same period last year was Rs. 751 crores.
At the same time, the company's EBITDA increased to 29 percent in the first quarter. In the same period last year, the company's EBITDA was 22 percent.
In the April-June quarter, the company's order book all-time high was Rs 6034 crores, which is 1.7 times the company's annual income.
Move on such a stock
On Friday, shares of Sterlite Technologies began with a slight increase. Stocks on BSE rose by 0.33 per cent to Rs 302.15. But due to better results, the stock rose sharply, which rose 10.70 per cent to Rs 333.40, which is the high level of intra-day.
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