New Delhi, Sept. 1 -- Sterlite Technologies share price declined over 7% in early trade on Monday, despite gains in the broader stock market today. Extending its losing streak for the six consecutive sessions, the small-cap stock slumped as much as 7.59% to Rs.105.90 apiece on the BSE. Sterlite Technologies shares have dropped 20% in six sessions.

The fall in Sterlite Technologies share price today comes after the company informed that its US subsidiary has been hit with a $96.5 million penalty by a US District Court.

Prysmian Cables and Systems USA, LLC had filed a complaint in the US District Court, District of South Carolina, Columbia Division, against Stephen Szymanski, an employee of Sterlite Technologies Inc. (STI), the US subsidi...