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Stocks Under $10: Sterlite Industries

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

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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