Bengaluru, July 1 -- The shares of this mid cap company majorly engaged in Optical Fiber and Optical Fiber Cables manufacturer were in focus after the company successfully completed its major institutional fund raising activities.

With the market capitalization of Rs. 28,821 Crores, the shares of Sterlite Technologies Ltd were trading at around Rs. 590 per share which is 13.7 percent discount from its 52 week high of Rs. 684 per share and is trading at a P/E of 605 whereas industry P/E stands at 57.5

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Sterlite Technologies has raised Rs. 1,500 crore through a Qualified Institutions Placement (QIP) by issuing 2.57 crore equity shares at Rs. 583.01 per share, which was offered at a 5 percent discount to the SEBI-determin...