1 Equity Share Market Tip : Sterlite Industries


Sterlite Industries (India) Ltd.
Last Trade price:109.00
Market Cap :36637.16
Face Value :1
52 Weeks High Low:141.45-86.15
Open:108.75
High:111.7
Average 30 days:105.24
Resistance 1 :111.10
Resistance 2 :113.20
Resistance 3 :114.70
% Change:-0.68
Volume :8127826
Market Lot :1
Days Range :111.7-108.1
Prv Close:109.75
Low:108.1
Average 50 days:103.61
Support 1 :107.50
Support 2 :106.00
Support 3 :103.90

















Sterlite logical move in view of the merger having taken place of Sterlite with Sesa Goa would have come to an end, the company would have got extinguished because of its merger with Sesa Goa. So we think this is a very logical and calculated move because the merger was announced by the company maybe 4-5 months back and now they are at the very fag end of completing the merger formality where five shares of Sterlite will get converted into three shares of Sesa Goa. We holding strong view on this stock because post its merger into Sesa Goa in the new avatar of Sesa-Sterlite, we will be seeing all the natural resources coming into one fold whether you talk of non-ferrous, you talk of ferrous, you talk of crude, so all this advantage of the natural resources will be available in one company and probably won’t surprised us to see Sesa-Sterlite coming into the top5 profit making companies into the listed space.

We hold our positive view on Sterlite and recommend to Buy this stock in future above 113 (on closing basis) for a target of 136, 150+ with a stop loss of 104.



1 comments:

  1. Sterlite CMP 110.55...I have booked a small loss of 2.5 Rs and Closed all my positions in Sterlite Industries.

    ReplyDelete

Thanks for giving your valuable inputs, TRENDGURUS

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