{"id":112847,"date":"2023-10-30T16:44:09","date_gmt":"2023-10-30T11:14:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112847"},"modified":"2023-10-30T16:44:14","modified_gmt":"2023-10-30T11:14:14","slug":"midcap-stock-jumps-up-to-4-6-after-launching-the-worlds-slimmest-fiber-and-cable-technology","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-jumps-up-to-4-6-after-launching-the-worlds-slimmest-fiber-and-cable-technology\/","title":{"rendered":"Midcap stock jumps up to 4.6% after launching the world\u2019s slimmest fiber and cable technology"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2763108746\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading global optical and digital solutions gained 4.6 percent after the company launched the world\u2019s slimmest fiber and cable technology.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-245398027\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 5,546 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/STLTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sterlite Technologies<\/a><\/strong> is a mid-cap company. On Monday, The company Shares were trading at 139.85 a share, up 3 percent from the previous close price.\u00a0<\/p><p>As per the exchange filing, Sterlite Technology Limited (STL) announced that the company has developed the world\u2019s slimmest fibre for telecommunications- 160-micron Optical Fibre.&nbsp;<\/p><p>When compared to conventional 250-micron fibre, STL&#8217;s 160-micron fibre can carry three times as much capacity. The cost of installing fibre is primarily incurred in the laying of ducts, so duct space is extremely valuable.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2562673191\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>STL&#8217;s 160-micron fiber will transform network deployment, bandwidth capacity, and green factor by cramming more capacity into a smaller duct space with a cable diameter of 6.4 mm (about 32% less than that of 250-micron fibre).&nbsp;<\/p><p>The company&#8217;s revenue increased by 27 percent from Rs. 5,437 crores in FY 2022 to Rs. 6,925 crores in FY 2023. Further, operating profit has increased by 34 percent from Rs. 665 crores in FY 2022 to Rs. 890 crores in FY 23.&nbsp;<\/p><p>According to the most recent shareholding data available for the September 2023 quarter. The company&#8217;s promoters own a 54 percent stake, domestic institutional investors own 1.91 percent, and foreign institutional investors hold 5.45 percent stake,&nbsp;<\/p><p>STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise, and Data Centre networks.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4055136720\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading global optical and digital solutions gained 4.6 percent after the company launched the world\u2019s slimmest fiber and cable technology.\u00a0 With a market capitalization of Rs 5,546 crore, Sterlite Technologies is a mid-cap company. On Monday, The company Shares were trading at 139.85 a share, up 3 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10622,10620,10623,10619,948,936,10621],"class_list":["post-112847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sterlite-technologies-latest-deals","tag-sterlite-technologies-latest-news","tag-sterlite-technologies-latest-orders","tag-sterlite-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-sterlite-technologies-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock jumps up to 4.6% after launching the world\u2019s slimmest fiber and cable technology - 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