Sterlite Industries (India)

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 857.60 ( 1.49 % ), NSE: Rs. 858.10 ( 1.65 % )

nice work abhay bhai...

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Posted by : abhaytiw
Price when posted : BSE: Rs 845.05 ( -2.22 % ), NSE: Rs. 844.15 ( -2.28 % )

IF IT OPEN 10RS DOWM IE 835 LEVEL TODAY BEST DAY TO BUY FOR 864...

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 845.05 ( -2.22 % ), NSE: Rs. 844.15 ( -2.28 % )

will we c sub 800 levels by monday...

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Posted by : abhaytiw
Price when posted : BSE: Rs 864.25 ( -0.80 % ), NSE: Rs. 863.85 ( -1.05 % )

WHEN CU AND OTHER BASE METAL HITTING HIGH IN USA CLOSING BELL NEXT DAY WE ARE BUYING ON HOPE IT WILL RISE REVERSE HAPPEN . when it correct in LME AND IN USA WE ARE THAT MORNING SELLING STERLITE THAT IS THE DAY WHEN OPERATOR GET AS MANY SHARE AS HE WANTED AT RIGHT PRICE AND AT THE END STERLITE MAKING REVERSE ON THAT DAY

IN MY VIEW IN VERY SHORT TERM STERLITE HAS RESISTANCE AROUND 925 TO 940LEVEL EVERY DIP IS BUY ...

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 864.25 ( -0.80 % ), NSE: Rs. 863.85 ( -1.05 % )

dear salil we did not c 900 as predicted today but nearing 850-what r tomm targets...

Grupo Mexico beats Sterlite in Asarco race

Posted by : christian123
Price when posted : BSE: Rs 864.60 ( -0.76 % ), NSE: Rs. 863.35 ( -1.11 % )

NEW YORK/NEW DELHI: Putting an end to the year-long battle for control over bankrupt copper miner Asarco, a district court in Texas has favoured

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Grupo Mexico`s $2.4 billion bid over that of Sterlite Industries, media report says. "A US district judge issued a ruling in favour of Mexican mining conglomerate Grupo Mexico SAB, ending the long battle over US copper giant Asarco LLC," the Wall Street Journal said.

When contacted a Sterlite industries spokesperson said in New Delhi that "We are yet to receive a copy of the judgement and will come back to you accordingly".

The Wall Street Journal said, "Judge Hanen retained final say over whether to approve Grupo Mexico`s offer over Vedanta`s $2.5 billion bid, which was backed by Asarco and its union, United Steelworkers." The ruling by Judge Andrew Hanen in Brownsville, Texas, ratified a decision by the US Bankruptcy court in August, wherein the Grupo Mexico`s $2.4 billion offer to repay Asarco`s creditors and take it out of bankruptcy was approved.

Quoting Judge Hanen`s 141-page ruling, the WSJ said, "The case is now in the fifth year of bankruptcy proceedings. The end, barring appeals, is now in sight." Grupo Mexico has been battling with Sterlite Industries for control of Asarco since last year.

Hanen has held hearings on the matter last month, and indicated then that Grupo Mexico and its work force should begin discussion on a new collective bargaining agreement to avoid labour strife after Asarco exits bankruptcy, the WSJ added.

Sterlite Industries entered into a pact with Asarco to acquire the company at a consideration of $1.7 billion, a move which sparked off a price war between the Vedanta Group company and Grupo Mexico. ...

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Posted by : abhaytiw
Price when posted : BSE: Rs 871.25 ( 0.49 % ), NSE: Rs. 873.00 ( 0.70 % )

this is from sterlite web page

Principal Products

Zinc

We produce and sell zinc ingots in all three international standard grades: Special High Grade (SHG), High Grade (HG) and Prime Western (PW). We sell most of our zinc ingots to Indian steel producers for galvanizing steel to improve its durability. Some of our zinc is also sold to alloy, dry cell battery, die casting and chemical manufacturers.

Lead

We produce and sell lead ingots of 99.99% purity primarily to battery manufacturers and to a small extent to chemical manufacturers.


Sulphuric Acid

We sell sulphuric acid to fertilizer manufacturers and other industries.

Silver

We produce and sell silver ingots primarily to industrial users of silver.
...

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 872.85 ( 0.67 % ), NSE: Rs. 870.90 ( 0.46 % )

which stocks in silver trade or u mean commodity mkt?...

SILVER IN PORTFOLIO OTHER THAN CU ,AL ,ZN

Posted by : abhaytiw
Price when posted : BSE: Rs 867.00 ( 3.55 % ), NSE: Rs. 866.95 ( 3.55 % )

TODAY SILVER UP 4.75%ON LME ...

DUE TO LATEST DEVELOPMENT ON ASERCO SHORT TERM PLAYER BENIFIT MORE

Posted by : abhaytiw
Price when posted : BSE: Rs 837.25 ( 0.08 % ), NSE: Rs. 837.25 ( 0.32 % )

SHORT TERM PLAYER WILL GET SPIKE

EVERY ANALYST WANT STERLITE SHOULD OUT OF COMPETITIVE BIDDING ON ASERCO ON THAT SIDE THEY ARE WINNER...

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Posted by : salil9417547799
Price when posted : BSE: Rs 837.25 ( 0.08 % ), NSE: Rs. 837.25 ( 0.32 % )

900-925 will be for sure till wednesday than it can drift down to 850 levels...

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 837.25 ( 0.08 % ), NSE: Rs. 837.25 ( 0.32 % )

what r the targets next week...

boom booom sterlite

Posted by : vrindakapur
Price when posted : BSE: Rs 836.60 ( -2.50 % ), NSE: Rs. 834.60 ( -2.69 % )

dont listen to people who just talk on air brother.where were these guys when mkts went down did they say that too. nooooooooooo

buy good fundamentally sound blue chip companies and sleepwell dude
goodluck with investing...

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 858.05 ( 6.50 % ), NSE: Rs. 857.65 ( 6.48 % )

wow what a rally this volatility will give heart attacks...

SILVER IS ALSO IN STERLITE PORTFOLIO

Posted by : dhalpya
Price when posted : BSE: Rs 823.00 ( 2.15 % ), NSE: Rs. 825.45 ( 2.48 % )

are u crazy,no doubt your simple maths is great...