OmniScience Capital Views on’ Sterlite Technologies, a Pune-based digital and optical technology company, is promoted by Twin Star Overseas Ltd., which is owned by Anil Agarwal’s Volcan Investments Cyprus Ltd. On June 17, the stock hit a 52-week high of Rs 119.2. It has gained around 57 percent over the past month but is still down about 22 percent over the past year.

Competitive pressures remain

“Sterlite is no longer just a fibre optic supplier and they are now trying to be a full-stack player in data infrastructure,” said Vikas Gupta, Chief Investment Strategist at OmniScience Capital. “That’s a logical step, but also a crowded one. Every major conglomerate is entering the data centre space. Sterlite needs to grow revenues and maintain margins just to hold its ground.”

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