Sesa Sterlite falls in volatile trade after declaring Q4 results

Sesa Sterlite fell 1.17% to Rs 190.80 at 15:11 IST on BSE after consolidated net profit surged 445.04% to Rs 1621.55 crore on 7052.92% spurt in total income from operations (net) to Rs 20894.41 crore in Q4 March 2014 over Q4 March 2013.

The result was announced during market hours today, 29 April 2014.

Meanwhile, the BSE Sensex was down 140.21 points, or 0.62%, to 22,491.40

On BSE, so far 6.91 lakh shares were traded in the counter, compared with an average volume of 7.09 lakh shares in the past one quarter.

The stock turned volatile after declaring Q4 result. The stock rose as much as 1.32% at the day's high of Rs 195.60 so far during the day. The stock fell as much as 1.47% at the day's low of Rs 190.20 so far during the day. The stock hit a 52-week high of Rs 213.05 on 21 January 2014. The stock hit a 52-week low of Rs 119.45 on 31 July 2013.

The stock had outperformed the market over the past one month till 28 April 2014, rising 5.55% compared with the Sensex's 1.31% rise. The scrip had also underperformed the market in past one quarter, falling 3.43% as against Sensex's 9.42% rise.

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

Sesa Sterlite is one of the world's largest diversified natural resources companies. The company's business primarily involves exploring, extracting and processing minerals and oil & gas. The company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Sesa Sterlite has a strong position in emerging markets with over 80% of its revenues from India, China, East Asia, Africa and the Middle East.

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