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Sterlite Industries surges on reporting 30% rise in Q3 consolidated net profit

30 Jan 2013 Evaluate

Sterlite Industries is currently trading at Rs. 115.05, up by 1.80 points or 1.59% from its previous closing of Rs. 113.25 on the BSE.

The scrip opened at Rs. 113.00 and has touched a high and low of Rs. 115.90 and Rs. 113.00 respectively. So far 2, 52,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.40 on 17-Feb-2012 and a 52 week low of Rs. 88.60 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 115.80 and Rs. 108.70 respectively. The current market cap of the company is Rs. 38,664 crore.

The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 23.47% and 10.08% respectively.

Sterlite Industries has reported results for third quarter ended December 31, 2012.

The company has reported 22.23% fall in its net profit at Rs 541.84 crore for the quarter as compared to Rs 696.75 crore for the same quarter in the previous year. However, total income of the company has decreased by 1.79% at Rs 5314.83 crore for quarter under review as compared to Rs 5411.98 crore for the quarter ended December 31, 2011.

On consolidated basis, the company has reported 30.42% rise in its net profit at Rs 1191.41 crore for the quarter ended December 31, 2012 as compared to Rs 913.52 crore for the same quarter in the previous year. Total income of the company has increased by 4.34% at Rs 11596.48 crore for quarter under review as compared to Rs 11113.27 crore for the quarter ended December 31, 2011.

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