Key takeaways from todays conference call by Sterlite Technologies…
The orders for fibre optic cables to be realeased by Indian telecom players 9post spectrum auction) in second half of the present financial year…
Good orders on account of smart cities project and the national rural broadband project…
Good international demand…
Margins for optical cables is around 12% and for fibres is around 30%…blended margins for cables and fibres is around 20-22%…
Analyst from ICICI specifically asked about competition from Aksh Optifibre…The Sterlite mngt chose to mention Vindhya but deliberately sidestepped question about aksh …seems like aksh is growing and competing well with Sterlite Tech…
Sterlite expects the products (optical fibre /cable) business to double in h ecoming financial year…if the same thing happens in the case of Aksh Optifibre too, then that would mean Aksh becoming a 500 crores turnover company by end of present financial year and a 800-900 crores tuenover company by end of next year…
My suggestion would be not to monitor the progress of Aksh on day to day basis…but on longer term monthly charts and use any fall in stock price as a buying opportunity…