Stocks Under $10: Sterlite Industries

Richard Suttmeier |

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



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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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