{"id":124219,"date":"2024-05-14T16:23:13","date_gmt":"2024-05-14T10:53:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124219"},"modified":"2024-05-14T16:23:18","modified_gmt":"2024-05-14T10:53:18","slug":"anil-agarwal-stock-jumps-3-after-it-partners-with-a-telecom-company-in-uae","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/anil-agarwal-stock-jumps-3-after-it-partners-with-a-telecom-company-in-uae\/","title":{"rendered":"Anil Agarwal stock jumps 3% after it partners with a telecom company in UAE\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2516043155\"><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>Anil Agarwal stock engaged in providing end-to-end data network solutions to build data center networks, 5G Networks, and many more, jumped upto 3 percent in the day\u2019s trade upon signing a strategic partnership with du Telecom one of the top telecom companies in the UAE .&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4112388219\"><!-- 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. 6,050 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/STLTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sterlite Technologies Limited<\/a><\/strong> closed at Rs. 124.10, up 1.93 percent from its previous day\u2019s close price of Rs. 121.75.\u00a0<\/p><p><strong>Sterlite Technologies Limited has announced a strategic partnership with du Telecom, from Emirates Integrated Telecommunications Company (EITC), one of the top telecom companies in the UAE.\u00a0<\/strong><\/p><p>Sterlite Technologies Limited has signed a new 5-year contract for its optical fibre cables with Du Telecom. As a part of this contract, it will provide its advanced optical cable designs with bend-resistant fibre to deliver better network performance, especially in FTTH networks. This will enable du to deploy networks faster with reduced capital expenditure and operating expenditure and deliver an exceptional customer experience.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3789540366\"><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>Ala\u2019 El-Hakawati, Key Account Manager at STL commented \u201cSTL has been a preferred partner for Du Telecom for the past 12 years, and this milestone signifies a continuity of the customer\u2019s confidence in STL\u2019s optical solutions. Du\u2019s vision of enhancing life anytime, anywhere and STL\u2019s purpose of transforming billions of lives by connecting the world are closely aligned and have been the driving force behind this partnership\u201d.&nbsp;<\/p><p>Sterlite Technologies Limited is one of the largest Optical Fiber and Optical Fiber cable manufacturers in the country, engaged in providing end-to-end data network solutions to build data center networks, 5G Networks, and many more. It manufactures and supplies optic fiber, cables, and optical interconnect devices and provides other related services.&nbsp;<\/p><p>Sterlite Technologies Limited has a global presence across 75+ countries, with 10 global manufacturing facilities, and 3 innovation centers, and as of December 2023, it has 681 patents.&nbsp;<\/p><p>As of Q3FY24, it has a strong order book worth Rs. 9,849 Crores, of which business-wise breakup consists of, 47 percent came for Optical Networking, 25 percent for Global services O&amp; M, 21 percent for Global Services Capex, and 7 percent for Digital &amp; technology&nbsp;<\/p><p>Its revenue from operations declined by 29.79 percent from Rs. 1,883 Crores in Q3FY23 to Rs. 1,322 Crores in Q3FY24, accompanied by a profit of Rs. 47 Crore to a loss of Rs. 59 Crores.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-content-10\" id=\"trade-967660812\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-2835629772\"><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 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[&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111403,"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":[10620,10619,948,936,3153,3157,2597],"class_list":["post-124219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sterlite-technologies-latest-news","tag-sterlite-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"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>Anil Agarwal stock jumps 3% after it partners with a telecom company in UAE\u00a0<\/title>\n<meta name=\"description\" content=\"Anil Agarwal stock engaged in providing 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