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Why Sterlite Technologies shares hit 5% lower circuit today? Down 9% in 3 days - What's driving the crash? Buy or sell?

Source: Livemint ·

Why Sterlite Technologies shares hit 5% lower circuit today? Down 9% in 3 days - What's driving the crash? Buy or sell?

Sterlite Technologies shares fell 9% over three sessions after a recent rally, despite record quarterly revenue, sharply higher profit and a record order book. Investors appear to be booking profits while weighing ambitious growth targets, valuation and execution risks. 

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