Monday, November 17, 2008

Sterlite Industries loses sheen as ADR tumbles

Sterlite Industries India declined 4.49% to Rs 217 at 11:01 IST on BSE, after its American depository receipt tumbled 13.11% to $4.44 on Friday, 14 November 2008.
The stock hit a high of Rs 232.90 and a low of Rs 215.90 so far during the day. The stock has a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.
The company's current equity is Rs 141.74 crore. Face value per share is Rs 2.
The current price of Rs 217 discounts the company's Q2 September 2008 annualized EPS of Rs 26.14, by a PE multiple of 8.30.
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.

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