STERLITE TECH. Share Price Down by 5%; BSE 500 Index Down 0.9%
August 3, 2020 02:37 PM

STERLITE TECH. share price has plunged 5% and is presently trading at Rs 123.

Meanwhile, the BSE 500 Index is at 14,353 (down 0.9%).

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

BLISS GVS PHARMA (up 14.4%) and JUBILANT LIFE SCIENCES (up 9.7%) are among the top gainers today.

Over the last one year, STERLITE TECH. has moved down from Rs 149 to Rs 123, registering a loss of Rs 26 (down 17.5%)..

The BSE 500 has moved up from 14,324 to 14,353, registering a gain of 29 points (up 0.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 632.6%), DIXON TECHNOLOGIES (up 280.0%) and GRANULES INDIA (up 224.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,596 (down 1.5%). The top gainers among the BSE Sensex stocks today are TITAN (up 4.6%). The most traded stocks in the BSE Sensex are SBI and TATA STEEL.

In the meantime, NSE Nifty is at 11,058 (down 1.4%). TATA MOTORS (up 7.7%) and TITAN (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,481 to 37,596, registering a gain of 115 points (up -1.18%).

STERLITE TECH. Financial Update...

STERLITE TECH. net profit stood at Rs 772 million for the quarter ended March 2020, compared to a profit of Rs 518 million a year ago. Net Sales declined 3.5% to Rs 11.6 billion during the period as against Rs 12.0 billion in January-March 2019.

For the year ended March 2019, STERLITE TECH. reported 58.5% increase in net profit to Rs 5.9 billion compared to net profit of Rs 3.7 billion during FY18.

Revenue of the company grew 58.7% to Rs 51 billion during FY19.

The current Price to earnings ratio of STERLITE TECH., based on rolling 12 month earnings, stands at 10.8x.