Sterlite Industries (SLT) – ($6.27) has a Buy rating according to ValuEngine with its one-year price target at $6.97. ValuEngine Profile – “Sterlite Industries Ltd., is a leading producer of copper in India. Sterlite, a part of Vedanta Resources, a London listed metals and mining major with Aluminium, Copper and Zinc operations in India and Australia, continues to seek improvements in its business, having set benchmarks to LME grade A standards in Copper products manufacturing.”
Analysis – The daily chart for SLT shows oversold momentum with the stock below its 21-day, 50-day and 200-day simple moving averages at $6.81, $6.76 and $7.49. The April 15 low is $6.07 with a monthly risky level at $7.29
Courtesy of Thomson / Reuters
|
Ticker |
Company Name |
Mkt Price |
Fair Value |
One-Year Price Target |
Last 12-Mon Retn (%) |
5-Yr Avg Retn (%) |
P/E Ratio |
|
SLT |
STERLITE INDUSTRIES |
6.27 |
n/a |
6.97 |
-10.68 |
-24.15 |
n/a |
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