Sterlite Tech shares rally 4% on buying Italian optical cable firm; should you invest?

Shares of Sterlite Technologies rallied more than 4% on Monday after the company said one of its subsidiaries will acquire Metallurgica Bresciana (MB), a European specialized optical cable manufacturer, for 47 million euros in an all-cash deal. The scrip was up 4.57% at Rs 303.30 at around 9.30 am (IST), whereas BSE Sensex was up 201 points, or 0.56% at 35,859.

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