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Sesa Sterlite slips on profit booking

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Capital Market

Sesa Sterlite fell 1.7% to Rs 211.65 at 12:22 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 60.56 points or 0.22% at 27,335.17.

On BSE, so 1.06 lakh shares were traded in the counter as against average daily volume of 4.95 lakh shares in the past one quarter.

The stock hit a high of Rs 215.70 and a low of Rs 211.10 so far during the day. The stock had hit a 52-week low of Rs 169.55 on 14 March 2014. The stock had hit a 52-week high of Rs 318.40 on 6 June 2014.

 

The stock had underperformed the market over the past one month till 29 December 2014, declining 6.92% compared with Sensex's 4.52% fall. The scrip had also underperformed the market in past one quarter, sliding 20.39% as against Sensex's 3% rise.

The large-cap company has equity capital of Rs 296.47 crore. Face value per share is Re 1.

Shares of Sesa Sterlite had risen 5.46% in two trading sessions to settle at Rs 215.30 yesterday, 29 December 2014, from a recent low of Rs 204.15 on 23 December 2014.

Sesa Sterlite's consolidated net profit fell 32.4% to Rs 1619.29 crore on 22.7% decline in net sales to Rs 19448.14 crore in Q2 September 2014 over Q2 September 2013.

Sesa Sterlite is one of the world's largest diversified natural resources companies. Its business primarily involves exploring, extracting and processing minerals and oil & gas.

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First Published: Dec 30 2014 | 12:17 PM IST

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