Sterlite Industries trades with traction on the bourses

09 Oct 2012 Evaluate

Sterlite Industries is currently trading at Rs. 102.60, up by 1.90 points or 1.89% from its previous closing of Rs. 100.70 on the BSE.

The scrip opened at Rs. 101.25 and has touched a high and low of Rs. 103.40 and Rs. 101.25 respectively. So far 395990 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.40 on 17-Feb-2012 and a 52 week low of Rs. 86.10 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 103.50 and Rs. 100.00 respectively. The current market cap of the company is Rs. 34557.27 crore.

The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 22.61% and 11.41% respectively.

Sterlite Industries (India) reported production growth in the second quarter of current fiscal in almost its entire product basket -- lead, silver, copper, aluminium at Balco and power on improved plant efficiency. However, the production of refined zinc dipped by as much as 12% during the quarter as compared to same quarter previous year. The production of lead and silver in India, by its subsidiary Hindustan Zinc, rose by massive 60% and 86% to 27,000 tonnes, and 92,000 tonnes, respectively.

The Copper cathode production was 87,000 tonnes in Q2, in line with the corresponding prior period, and 9% higher at 175,000 tonnes in H1. While, Mined metal production at Australia was 14% higher at 6,000 tonnes in Q2 and 13% higher at 13,000 tonnes in H1.

Meanwhile, power sales were 2,474 million units in Q2 and 4,933 million units in H1, 42% and 44% higher than the corresponding prior periods. This significant increase was primarily due to higher power sales from three units of the Jharsuguda 2,400MW power plant, operating at availability of over 80% and plant load factor (PLF) of 50% in H1, with the fourth unit generating under trial run.

Peers
Company Name CMP
Hindalco 652.00
Vedanta 445.05
Hindustan Zinc 491.70
Gravita India 2090.50
Ram Ratna Wires 594.05
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