Sterlite Industries fell 2.40% to Rs 213.50 at 10:35 IST on BSE after it said its south India-based plant had stopped production due to a breakdown.
The company made the announcement before market hours today, 24 November 2008.
The stock hit a high of Rs 219.90 and a low of Rs 209 so far during the day. The stock had a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.
India's biggest copper and zinc produce has an equity capital of Rs 141.74 crore. Face value per share is Rs 2.
The current price of Rs 213.50 discounts its Q2 September 2008 annualised EPS of Rs 26.14, by a PE multiple of 8.16.
Sterlite Industries today, 24 November 2008, said it expects to shut its 4,00,000 tonnes-a-year capacity copper smelter at Tuticorin in southern India for a month following a breakdown. Sterlite, a unit of London-listed Vedanta Resources, is assessing the damage and taking steps to rectify the situation, the company said in a statement to the stock exchange.
Sterlite Industries (India)'s net profit surged 117.5% to Rs 462.93 crore on 5.5% increase in net sales to Rs 3738.65 crore in Q2 September 2008 over Q2 September 2007.
Sterlite Industries is a leading producer of copper in India. It is a part of Vedanta Resources, a London listed metals and mining major, with aluminum, copper and zinc operations in India and Australia.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment