Sterlite Tech shares down 6 per cent

Shares of Sterlite Technologies fell over 6 per cent after the company8217;s performance disappointed investors and raised concerns on outlook,three dealers said. There was disappointment from management8217;s hint of a possible downward revision to its FY11 guidance due to slowdown in order flows,Daiwa said in a note. The slowdown in order inflows contributed to muted revenue growth sequentially for the power segment,which contributes 60 per cent of the company8217;s average revenue,the note added. It cut the price target to Rs 107 from 124 earlier. At 12:37 a.m. shares were down 6.25 per cent at Rs 86.95.