Sunday, August 28, 2011

Buy Sterlite Industries


UK-based Vedanta's Indian arm has outperformed its peers in terms of sales and earnings growth and is still available at a lower P/E multiple. Profits rose 63% on higher aluminium prices and better copper treatment and refining margins. While softening of base metal prices due to sluggish demand is a concern, earnings growth from its silver business remains strong.


The scrip has under performed during the last 3 years and is likely stay muted going forward.


Time Span Price Change %Change
Today 122.00 -3.05 -2.43
Week 125.35 -0.30 -0.23
Month 167.95 -42.90 -25.54
Three Months 167.50 -42.45 -25.34
Six Months 159.70 -34.65 -21.69
One Year 152.10 -27.05 -17.78
Two Years 170.15 -45.10 -45.10
Three Years 153.74 -28.69 -18.66


Long term investors should utilize deep cuts to accumulate the stock from current levels and hold for a period of 2 years for a near 100% return.


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Ingenious Investor
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