Buy Sterlite Industries With Stop Loss Of Rs 175

Buy Sterlite Industries With Stop Loss Of Rs 175Technical analyst Jai Bala of cashthechaos. com has maintained 'buy' rating on Sterlite Industries (India) Limited stock to attain a target of Rs 190-195.

According to analyst, the investors can buy the stock with trailing stop loss of Rs 175.

The stock of the company, on April 25, closed at Rs 186.40 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 15.17 and 11.96 respectively.

The share price has seen a 52-week high of Rs 213 and a low of Rs 148.80 on BSE.

Vedanta Group company Sterlite Industries has declared a growth of 35% in its net profit for the three month period ended March 31, 2011.

The company's net profit remained at Rs 1,925 crore as compared to Rs 1,425 crore in the same period of 2010.

The company said that it recorded such growth because of positive realization of copper, zinc and silver.

Sterlite's net sales during Jan-Mar quarter grew by 40% to Rs 10,000.3 crore from Rs 7,147.2 crore in the same period of 2009-10.

The firm's yearly net profit increased 34.7% to Rs 5,042.5 crore as compared to Rs 3,743.7 crore whereas sales zoomed 23.5% to Rs 30,248 crore.

The company made Rs 4,023.5 crore from its zinc, lead and silver sales jointly, an increase of 62% during the quarter.




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