Sesa Sterlite rose 5.58% to Rs 209.25 at 14:34 IST on BSE after Chinese iron ore futures rebounded today, 3 February 2015, and were on course for their second-biggest daily gain this year.
Meanwhile, the BSE Sensex was down 82.95 points, or 0.28%, to 29,039.32.
On BSE, so far 6.19 lakh shares were traded in the counter, compared with an average volume of 4.90 lakh shares in the past one quarter.
The stock hit a high of Rs 210 and a low of Rs 199.85 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 30 January 2015, falling 10.76% compared with 6.49% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 22.50% as against Sensex's 6.72% rise.
The large-cap company has an equity capital of Rs 296.47 crore. Face value per share is Re 1.
Benchmark 62% grade iron ore for immediate delivery to China fell 0.7% to $61.30 a tonne on Monday, its 11th straight drop. But today, 3 February 2015, the most active iron ore futures for May delivery on the Dalian Commodity Exchange were up 1.5% at 480 yuan after touching 482 yuan, the highest since 23 January 2015.
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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