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STERLITE TECH. Plunges by 5%; BSE 500 Index Up 0.7%

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STERLITE TECH. Plunges by 5%; BSE 500 Index Up 0.7%
Mon, 18 Mar 10 am

STERLITE TECH. share price has plunged 5% and is presently trading at Rs 234.

Meanwhile, the BSE 500 Index is at 15,163 (up 0.7%).

Among the top losers in the BSE 500 Index today are STERLITE TECH. (down 5.2%) and MANPASAND BEVERAGES (down 5.1%).

PRESTIGE ESTATES (up 9.2%) and BOMBAY DYEING (up 8.6%) are among the top gainers today.

Over the last one year, STERLITE TECH. has moved down from Rs 334 to Rs 234, registering a loss of Rs 99 (down 29.8%)..

The BSE 500 has moved up from 14,470 to 15,163, registering a gain of 693 points (up 4.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 107.1%), BATA INDIA (up 91.4%) and ADANI POWER (up 79.2%).

What About the Benchmark Indices?

The BSE Sensex is at 38,370 (up 0.8%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 2.3%). The most traded stocks in the BSE Sensex are ICICI BANK and YES BANK.

In the meantime, NSE Nifty is at 11,530 (up 0.8%). IOC (up 3.7%) and AXIS BANK (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,370, registering a gain of 4,684 points (up 13.8%).

STERLITE TECH. Financial Update...

STERLITE TECH. net profit stood at Rs 1 billion for the quarter ended December 2018, compared to a profit of Rs 992 million a year ago. Net Sales rose 59.8% to Rs 13.3 billion during the period as against Rs 8.4 billion in October-December 2017.

For the year ended March 2018, STERLITE TECH. reported 67.5% increase in net profit to Rs 3.7 billion compared to net profit of Rs 2.2 billion during FY17.

Revenue of the company grew 23.6% to Rs 32 billion during FY18.

The current Price to earnings ratio of STERLITE TECH., based on rolling 12 month earnings, stands at 16.2x.

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Stock Market Updates

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Jul 23, 2019 11:25 AM