Sterlite Industries (India) jumped 5.64% to Rs 230.10 at 14:06 IST on BSE as copper futures gained overnight on the London Metal Exchange.
The stock hit a high of Rs 234.90 and a low of Rs 219 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 230.10 discounts its Q2 September 2008 annualised EPS of Rs 26.14, by a PE multiple of 8.80.
On the London Metal Exchange, copper for delivery in three months rose $90, or 2.5%, to $3,750 a tonne, on Tuesday, 18 November 2008. Weak metals demand and fears the world is in for a long recession have sent copper prices tumbling around 58% since hitting a record high of $8940 in July this year.
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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