Sterlite Tech shares hit upper circuit after QIP launch
after close1 source ↓written by the desknot a recommendation
- to hit
- 5%
- after launching
- ₹613.35
- placement QIP
- 24 June
Sterlite Technologies shares surged 5% to hit the upper circuit at ₹613.35 after launching a qualified institutional placement (QIP) on 24 June. The stock closed at this upper price band, reflecting strong market interest. The QIP aims to raise funds from institutional investors, enhancing liquidity and growth potential.
Not investment advice. For informational purposes only.