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Sesa Sterlite corrects on profit booking

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Capital Market

Sesa Sterlite fell 3.99% to Rs 207.95 at 15:11 IST on BSE on profit booking after the stock rose 9.28% in the preceding two trading sessions to Rs 216.60 on 4 February 2015, from a recent low of Rs 198.20 on 2 February 2015.

Meanwhile, the BSE Sensex was down 9.03 points, or 0.03%, to 28,874.08.

On BSE, so far 3.11 lakh shares were traded in the counter, compared with an average volume of 5.05 lakh shares in the past one quarter.

The stock hit a high of Rs 216 and a low of Rs 207.50 so far during the day. The stock hit a 52-week high of Rs 318.40 on 6 June 2014. The stock hit a 52-week low of Rs 169.55 on 14 March 2014.

 

The stock had underperformed the market over the past one month till 4 February 2015, sliding 2.48% compared with 3.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.11% as against Sensex's 3.67% rise.

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

Sesa Sterlite's consolidated net profit fell 15.02% to Rs 1587.50 crore on 1.5% fall in net sales to Rs 19128.21 crore in Q3 December 2014 over Q3 December 2013. The result was announced on 29 January 2015.

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: Feb 05 2015 | 3:09 PM IST

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