This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Indian ADRs to Buy, Sell

Sterlite Industries is a subsidiary of Vedanta Resources, and is engaged in non-ferrous metals mining and power.

The expected improvement in zinc operations and power sales could drive the stock higher. The zinc environment is set to improve in the second half of 2011 fiscal (April-March), according to analysts.

On the operational front, production ramp up at Rampura Agucha and new smelters should boost operations, while improved water availability and ore quality are other positives. Experts expect zinc prices to escalate in the medium term.

Power sales are expected to increase with large capacities coming on-stream. The company would be selling merchant power from its BALCO division, expected to start operations from next year.

The first unit is expected to start commercial operations by December this year, while the second unit and third units will become operational by March 2011. With large capacities coming on line, raw material costs could be a concern, according to analysts. The stock is trading at 10 times its 2010-11 earnings.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
MTE $0.90 0.00%
HDB $56.66 0.00%
IBN $10.82 0.00%
INFY $31.19 0.00%
AAPL $128.95 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs