Buy Sterlite Industries says KRChoksey

>> Friday, July 31, 2009

KRChoksey has recommended a buy rating on Sterlite Industries, in its report dated July 30, 2009.

"Sterlite’s strength lies in its strong balance sheet and lowest cost of operations; with companies foray in to power business its profitability will go up further from next financial year. We value the firm by SOTP method which gives us a valuation of Rs 734 per share and recommend buy rating on the stock," says KRChoksey's report.
Source : Money Control