COMPANY NAME – Sterlite Industries (India)

RECOMMENDATION – SELL
STOCK CURRENT PRICE – 702
TARGET – 540

COMPANY BASIC INFORMATION

ISIN Id – INE268A01031
BSE Id – 500900
NSE Id – STER
INDUSTRY Metals – Non Ferrous
Market Cap – 58945.69
Book Value – 177.26
EPS (TTM) – 9.89
Price/Book – 3.96
Face Value – 2.00
P/E – 70.92
Div(%) – 175.00%
Industry P/E – 71.62
P/C – 60.00
Div Yield (%) – 0.50

STOCK PRICE HISTORY (NSE)

All Time High – 2939.80
All Time Low – 165.10
52 Week High – 928.90
52 Week Low – 490.00

DAILY CHART:

Recommendation-

The stock after having a long run up is appearing to form a top for this move and has also formed a reversal pattern. The stock is trading below its 200 DMA and has given a weekly closing below its crucial support of 720 levels. Also on the weekly chart the stock has formed a double top pattern. We expect the counter to show more downside and recommend a sell on the stock at current price for target of 540 in 3 months time frame.