Sterlite Industries lost nearly 3% to Rs 249.70 at 10:07 IST on BSE after the price of copper plunged to a 3-1/2-year low below $1.50 a pound in New York on Thursday, 4 December 2008.
The stock hit a high of Rs 257 and a low of Rs 245 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 largest copper producer by sales has an equity capital of Rs 141.74 crore. Face value per share is Rs 2.
The current price of Rs 249.70 discounts its Q2 September 2008 annualised EPS of Rs 26.14, by a PE multiple of 9.55.
Recently, Sterlite Industries had announcing shutting its four-lakh tonnes-a-year capacity copper smelter at Tuticorin in Tamil Nadu for a month following a breakdown.
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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