Sterlite Ind Delivery Call
Stock Analyst Ashwani Gujral has suggested to buy Sterlite Ind stock to be sold on Thursday.
Mr. Gujral has given this delivery after viewing all the ups and downs experienced by the stock in last few trading sessions. He said that the stock has performed well in an otherwise weak market.
Today, the stock opened at Rs 1046.8 as against its last closure at Rs 1034.75 on BSE. On the other hand, the stock also make strong opening on NSE. It opened at Rs 1043.75 on NSE.
The stock has gained above 3.2% up till now at Rs 1067.50 on BSE, and it is expected to touch Rs 1400 levels by Thursday. It has a good potential.
Investors can purchase this stock with a stop loss of Rs 900.
Sterlite may raise its stake in Hindustan Zinc to strengthen control of the South Asian nation`s largest producer of the metal.
Sterlite Industries (India) was in talks to buy the government`s 29% holding. Sterlite, a subsidiary of Vedanta, owns 65% and has an option to buy the stake.
Vedanta`s interest extends a record year for takeovers and investments in commodities companies, led by BHP Billiton`s proposed USD 128 billion takeover of Rio Tinto Group.