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Sterlite Industries loses its sheen as ADR tumbles
Sterlite Industries fell 2.74% to Rs 163.25 at 9:27 IST after the company's American depository receipt, or ADR declined 4.71% to $13.77 on the New York Stock Exchange on Thursday, 12 August 2010.
Meanwhile, the BSE Sensex was up 75.69 points, or 0.42%, to 18,149.59.
On BSE, 5.37 lakh shares were traded in the counter as against an average daily volume of 12.46 lakh shares in the past one quarter.
The stock hit a high of Rs 166 and a low of Rs 161.90 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 150.13 on 19 August 2009.
The stock had underperformed the market over the past one month till 12 August 2010, falling 1.15% compared with the Sensex's 0.76% rise. It underperformed the market in past one quarter, sliding 7.82% as against 5.11% 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 consolidated basis, Sterlite Industries' net profit rose 49.90% to Rs 1008.43 crore on 29.40% increase in net sales to Rs 5924.50 crore in Q1 June 2010 over Q1 June 2009.
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