Buy Sterlite Industries says KRChoksey

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

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Sterlite Industries Q1 results

Sterlite Industries has posted a net profit after tax attributable of Rs 6726.60 million for the quarter ended June 30, 2009 as compared to Rs 11510.80 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 61725.50 million for the quarter ended June 30, 2008 to Rs 49571.90 million for the quarter ended June 30, 2009.

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