Sterlite Industries is currently trading at Rs. 93.30, up by 2.10 points or 2.30% from its previous closing of Rs. 91.20 on the BSE.
The scrip opened at Rs. 91.00 and has touched a high and low of Rs. 92.85 and Rs. 91.00 respectively. So far 1,74,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 123.35 on 03-Jan-2013 and a 52 week low of Rs. 83.15 on 16-Apr-2013.
Last one week high and low of the scrip stood at Rs. 96.50 and Rs. 90.70 respectively. The current market cap of the company is Rs. 31,355crore.
The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 23.32% and 10.00% respectively.
Sterlite Industries’ shut down of copper smelter because of local residents complaint of emissions that led to breathing difficulties has put the top copper users in a severe shortage of copper and has forced them to rely on Hindalco Industries for almost all their copper needs. Further, a routine shutdown at Hindalco's Birla smelter this month has heightened their problem.
Late last month, state-run Tamil Nadu Pollution Control Board ordered the closure of the Sterlite’s copper smelter located in the southern Indian town of Tuticorin, following complaints of emissions from the plant, thereby putting about 3,000 tonnes per day of copper concentrates onto the market and sending fees to process them to a five-month high in Asia.
| Company Name | CMP |
|---|---|
| Hindalco | 652.00 |
| Vedanta | 445.05 |
| Hindustan Zinc | 491.70 |
| Gravita India | 2090.50 |
| Ram Ratna Wires | 594.05 |
| View more.. | |
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