Sterlite Tech shares dive 10% as it faces selling pressure in China
Updated : March 15, 2019 01:35 PM IST
Shares of Sterlite Technologies is trading lower by 10 percent as the company said there is a temporary demand-supply mismatch in China.
Sterlite Tech’s management said they are witnessing some pressure from the China market as there’s a delay in the China mobile tender.
However, China sales only account for 6-7 percent of the company’s total revenue.