Rise in metal prices lifts Sterlite Industries

Dalal Street Spikes

 The counter is attracting buying interest on the back of a firming up of metal prices, market sources said.

 Sterlite Industries has also been in the focus of late because of the scheduled listing of group holding company Vedanta Resources on the London Stock Exchange in December 2003.

 Vedanta Resources plans to raise around $700 million by listing its shares in London this December to fund expansion plans. Vedanta Resources is a holding company of the Agarwal Group and has a controlling stake in Sterlite Industries.