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

7 India Stocks With Upside

6. Sterlite Industries (SLT) is India's largest non-ferrous metals and mining company.

Results for the March quarter were impressive with net revenue up 39% from the year-ago quarter and net profit rising 39% year-over-year.

EBITDA increased 40% year-over-year and 55% sequentially. EBITDA contribution from Sterlite's copper segment was the highest sequentially, followed by its aluminum and zinc businesses.

The company's expansion plans across its business verticals are on track. Subsidiary BALCO's 1,200 MW power plant will be commissioned early second half of fiscal 2012, an associated coalmine in Sept. 2011, and a lead smelter in 2012 first quarter. The company's international zinc business could boost profitability in 2012 and 2013.

Strong volumes in its zinc, silver and power businesses could drive earnings in 2012 and 2013. The stock is expected to deliver an upside of 23% in the next one year.

2 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HDB $56.72 -0.19%
INFY $31.31 -1.57%
IGTE $47.36 3.29%
N $90.79 -0.72%
RDY $53.58 -3.55%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs