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Daily Money Show 297 - Vedanta Demerger and Sterlite Tech
Original: # 297 Daily Money Show | Money Purse Stock Market News
Takeaway
Brief recap noting Vedanta demerger plan and Sterlite Tech's three-segment optical-fiber profile.
Summary
- Nifty -220 to 17,171; Sensex -197; midcap -0.79%, smallcap -0.42%
- Vedanta group promoting business demerger into separate units
- Sterlite Technologies 3 business segments: optical fiber manufacturing, telecom network services, software services; each ~25% revenue
- Operating debit cards mentioned at 17.1% margins expected 13-14% range
VedantaSterlitedemerger
Original description
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