STERLITE TECH. Plunges by 6%; BSE 500 Index Down 0.4%
January 29, 2019 02:02 PM

STERLITE TECH. share price has plunged 6% and is presently trading at Rs 263.

Meanwhile, the BSE 500 Index is at 14,098 (down 0.4%).

Among the top losers in the BSE 500 Index today are STERLITE TECH. (down 5.7%) and EICHER MOTOR (down 5.0%).

FDC LTD. (up 7.2%) and ADANI PORTS & SEZ (up 5.4%) are among the top gainers today.

Over the last one year, STERLITE TECH. has moved down from Rs 385 to Rs 263, registering a loss of Rs 122 (down 31.7%)..

The BSE 500 has moved down from 15,533 to 14,098, loss of 1,435 points (down 9.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORG. (up 64.5%), BATA INDIA (up 53.8%) and NESTLE (up 51.2%).

What About the Benchmark Indices?

The BSE Sensex is at 35,719 (down 0.6%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.4%). The most traded stocks in the BSE Sensex are AXIS BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,676 (down 0.5%). ADANI PORTS & SEZ (up 5.6%) and BHARTI INFRATEL (up 3.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,283 to 35,719, registering a gain of -564 points (up -2.3%).

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 18.2x.