CapitalMarket.com - Sterlite Industries recovers after bumper Q1 results
Hot Pursuit Monday, July 26, 2010 15:12 Hrs IST

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Sterlite Industries recovers after bumper Q1 results

Sterlite Industries (India) reversed losses and rose 0.78% to Rs 175.15 at 15:15 IST after consolidated net profit rose 49.92% to Rs 1008.43 crore on 33.78% increase in total income to Rs 6661.74 crore in Q1 June 2010 over Q1 June 2009.

The result was announced during trading hours today, 26 July 2010. The stock had fallen as much as 1.43% at the day's low of Rs 171.30.

Meanwhile, the BSE Sensex was down 96.57 points, or 0.53%, to 18,034.41.

On BSE, 23.95 lakh shares were traded in the counter as against an average daily volume of 11.90 lakh shares in the past one quarter.

The stock hit a high of Rs 177 and a low of Rs 171.30 so far during the day. The stock had hit a 52-week high of Rs 232 on 6 January 2010 and a 52-week low of Rs 136.85 on 7 August 2009.

The stock had underperformed the market over the past one month till 23 July 2010, falling 1.36% compared with the Sensex's 2.11% rise. It underperformed the market in past one quarter, sliding 12.58% as against 2.47% rise in the Sensex.

India's largest copper maker by sales has an equity capital of Rs 336.16 crore. Face value per share is Rs 1.

On a standalone basis, net profit rose 272.17% to Rs 419.43 crore on 47.02% increase in total income to Rs 3750.15 crore in Q1 June 2010 over Q1 June 2009.

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