STLTECHSTLTECH
About the Company :
The company is specialized in optical fibre and cables, hyper-scale network design, and deployment and network software and offer bespoke integrated solutions for global data networks of CSPs, Telcos and OTTs. STL has also partnered with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined network. It has strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India , Italy , China and Brazil and two software-development centres. To give a boost to Indian government make in India initiative, STL recently invested in 5G assembling an ecosystem of partners.
It has the first optical fibre cable plant in India to receive zero waste to landfill certification.
(source : wikipedia)
Fundamental Check :
- Company is the industry leader with largest market cap
- Company has a good growth in terms of EPS over the past 5 years
- Good dividend payout ratio
Technical Check :
On a Daily time frame stock has been consolidating and testing the levels of 200 again and again. This time it has rejected it and gotten out of the zone. Can enter 20% for an upside of 223 and major target of 240/270+
Swing Trade :
Buy STLTECH @210-212
TGT 223/240/270++
TSL 5 pts or as per risk appetite
Do your own analysis before entering. This idea is just for educational purposes and not a tip.
