Sterlite Industries has target of Rs 178: Shah

Sterlite Industries has target of Rs 178, says Gaurang Shah, Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "Sterlite Industries showed strength for quite sometime. I think on the fall back on the  developments that we are hearing, the stock could possibly have a little bit of headroom. So I am looking for a target of  Rs 178, with a stop loss of about Rs 164." The company's trailing 12-month (TTM) EPS was at Rs 4.76 per share. (Dec, 2010). The stock's price-to-earnings  (P/E) ratio was 35.28. The latest book value of the company is Rs 66.15 per share. At current value, the price-to-book  value of the company was 2.54. The dividend yield of the company was 1.12%.