Meanwhile, the BSE Sensex was down 315.57 points, or 3.57%, to 8,524.30.On BSE, 5.35 lakh shares were traded in the counter. The stock had an average daily volume of 10.81 lakh shares in the past one quarter.The stock hit a high of Rs 232.60 and a low of Rs 217.10 so far during the day. The stock hit a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.
The mid-cap stock had underperformed the market over the past one month till 1 December 2008, declining 15.41% as compared to the Sensex's decline of 9.69%. It had also underperformed the market in the past one quarter, declining 61.70% as compared to the Sensex's decline of 39.03%.The company's current equity is Rs 141.74 crore. Face value per share is Rs 2.
The current price of Rs 218.30 discounts the company's Q2 September 2008 annualized EPS of Rs 26.14, by a PE multiple of 8.35.Last week, Sterlite Industries shut its four-lakh tonnes-a-year capacity copper smelter at Tuticorin in Tamil Nadu for a month following a breakdown.
Sterlite Industries India's net profit surged 117.5% to Rs 462.93 crore on 5.5% increase in net sales to Rs 3738.65 crore in Q2 September 2008 over Q2 September 2007.Sterlite Industries is a leading producer of copper in India. It is a part of Vedanta Resources, a London listed metals and mining major, with aluminum, copper and zinc operations in India and Australia.
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