Sterlite Optical is a profitable & standard stock, which is ready to zoom in today’s trading session. The stock has an intraday target of Rs 324.

Lots of stock analysts have suggested that it will zoom like rocket.

The stock has performed well on Wednesday, and marked its closure at Rs 315.90, up 4.6% on BSE. This is the best time to purchase the stock. The stop loss is at Rs 313. The stock has seen a 52-week high of Rs 344.25 and low of Rs 154. The maximum target for the day is Rs 328. So, don’t miss the opportunity.

Last week, Sterlite Optical Technologies has declared that the allotment committee of the board has sanctioned and allotted 2.80 million equity shares on conversion of warrants to Twin Star Overseas.

This conversion is in the direction of third and final portion of preferential allotment of equity shares and convertible warrants made to promoters at a price of Rs 100 a share as okayed by shareholders in March 2006.

The company also allotted 2,200 equity shares to some of the company`s employees, as under employee stock option scheme, 2006.

Sterlite Optical has also purchased the infrastructure division of Sterlite Indtstries and consequently its name has been changed to Sterlite Technologies.