Technical analyst Deven Choksey of KR Choksey has maintained 'buy' rating on Sterlite Technologies Limited stock with a long term target.

The analyst said that the investors can purchase the stock with a target of Rs 125 in 12-18 months.

The stock of the company, on December 14, closed at Rs 70.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 232 and a low of Rs 148.80 on BSE.

Current EPS & P/E ratio stood at 13.16 and 13.10 respectively.

Composite Technology Corporation declared that its arm, CTC Cable Corporation (CTC Cable) has inked a deal with Sterlite under which Sterlite will make ACCCr conductors for India.

Both the firms will also work together for making ACCC conductors in order to back up sales in other market zones.

On Nov 19, Sterlite Technologies and Jiangsu Tongguang Communication, a major supplier of total transmission solutions for optical cable and IT firms, declared that they have decided to frame up a JV firm - Jiangsu Sterlite & Tongguang Optical Fibers Co in Haimen to make, sell and distribute optical fiber utilized in the fabrication of fiber optic cables.

For the three month period ended September 2010, Sterlite Technologies recorded a slight increase of 5.27% in its standalone net profit, which stood at Rs 575.50 million as compared to Rs 546.70 million during the corresponding period of 2009.

Net sales for the period under review grew by 9.36% to Rs 5,094.40 million and the company's total income surged 9.53% to Rs 5,127.10 million.