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STERLITE TECH. Surges by 12%; BSE 500 Index Up 1.8%

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STERLITE TECH. Surges by 12%; BSE 500 Index Up 1.8%
Fri, 24 May 03:12 PM

STERLITE TECH. share price has zoomed 12% and is presently trading at Rs 168.

Meanwhile, the BSE 500 Index is at 15,400 (up 1.8%).

Among the top Gainers in the BSE 500 Index today are STERLITE TECH. (up 12.0%) and HEG (up 11.4%).

BAJAJ ELECTRICALS and ADANI POWER (down 0.1%) are among the top losers today.

Over the last one year, STERLITE TECH. has moved down from Rs 307 to Rs 168, registering a loss of Rs 138 (down 45.6%).

On the other hand, the BSE 500 has moved up from 14,382 to 15,400, registering a gain of 1,018 points (up 7.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 131.3%), BALRAMPUR CHINI (up 127.1%) and DCM SHRIRAM (up 119.6%).

What About the Benchmark Indices?

The BSE Sensex is at 39,473 (up 1.7%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 4.7%), L&T (up 4.5%) and TATA MOTORS (up 4.3%). Other gainers include VEDANTA LTD (up 4.0%) and BHARTI AIRTEL (up 4.0%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,859 (up 1.6%). JSW STEEL (up 5.0%) and ICICI BANK (up 4.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,473, registering a gain of 5,128 points (up 14.9%).

STERLITE TECH. Financial Update...

STERLITE TECH. net profit stood at Rs 2 billion for the quarter ended March 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 34.2% to Rs 17.9 billion during the period as against Rs 13.3 billion in January-March 2018.

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 11.4x.

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Stock Market Updates

VEDANTA LTD Plunges by 5%; BSE 500 Index Up 0.3% (Today's Market)

Aug 26, 2019 09:50 AM

VEDANTA LTD share price has plunged by 5% and its current market price is Rs 139. The BSE 500 is up by 0.3%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 7.8%) and CENTRAL BANK (up 7.3%). The top losers are VEDANTA LTD (down 5.1%) and CG POWER & INDUSTRIAL (down 7.8%).

Sensex Opens Higher; Banking and Metal Stocks Rally (Today's Market)

Aug 26, 2019 09:30 am

Asian share markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.2% while the Hang Seng is down 2.9%.

DILIP BUILDCON LTD Surges by 6%; BSE CAPITAL GOODS Index Up 1.1% (Today's Market)

Aug 26, 2019 09:38 AM

DILIP BUILDCON LTD share price has surged by 6% and its current market price is Rs 379. The BSE CAPITAL GOODS is up by 1.1%. The top gainers in the BSE CAPITAL GOODS Index is DILIP BUILDCON LTD (up 5.5%). The top losers are FINOLEX CABLES (down 1.0%) and ELGI EQUIPMENTS (down 1.1%).

MRPL Plunges by 5%; BSE OIL & GAS Index Down 0.4% (Today's Market)

Aug 26, 2019 09:38 AM

MRPL share price has plunged by 5% and its current market price is Rs 46. The BSE OIL & GAS is down by 0.4%. The top gainers in the BSE OIL & GAS Index are ONGC (up 0.2%) and GAIL (up 0.2%). The top losers is MRPL (down 5.0%)..

The BSE METAL Index Down 3% ; VEDANTA LTD Among Top Losers (Today's Market)

Aug 26, 2019 09:34 AM

The BSE METAL Index Down at 8,622 (down 2.8%). Among the top losers in the BSE METAL Index today are VEDANTA LTD, TATA STEEL and JINDAL STEEL & POWER. Meanwhile, the BSE Sensex has surged 0.6% to 37,364.

DLF Surges by 5%; BSE REALTY Index Up 2.1% (Today's Market)

Aug 26, 2019 09:34 AM

DLF share price has surged by 5% and its current market price is Rs 161. The BSE REALTY is up by 2.1%. The top gainers in the BSE REALTY Index is DLF (up 5.5%). The top losers is PHOENIX MILL (down 1.2%).

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