Shares of Sterlite Technologies Ltd (STLTECH) witnessed a sharp rally on March 25, surging nearly 9% during the session, even as no specific corporate announcement or development was reported by the company.
The stock was trading at ₹195.97, up ₹15.95 or 8.86% at the time of the last update, after hitting an intraday high of ₹197.80. It opened at ₹184.01 and touched a low of ₹182.51 during the session, compared to its previous close of ₹180.02.
Sterlite Tech is currently trading close to its upper circuit level of ₹198.02, indicating strong buying interest in the counter. The stock remains near its 52-week high of ₹205.73, significantly above its 52-week low of ₹58.86.
Volumes remained elevated, with over 71.91 lakh shares traded during the session, suggesting increased participation from market participants. The average traded price stood at ₹193.25.
Market data shows that total sell quantity stood at 60% compared to 40% on the buy side, indicating active two-way trading despite the upward move.
The rally comes amid a broader positive market sentiment, with selective midcap and technology stocks witnessing strong traction. However, there has been no confirmed company-specific trigger behind the sharp move in Sterlite Tech shares.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.