Sterlite Industries may slip to Rs 115: JK Jain

Sterlite Industries may slip to Rs 115, says JK Jain of Karvy Stock Broking.

Jain told CNBC-Awaaz, "All metal stocks are looking weak and there is no any indication of upside. Investors should sell Sterlite Industries with a stoploss of Rs 125-126. The stock may go down to Rs 115."

The company's trailing 12-month (TTM) EPS was at Rs 4.00 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 29.68. The latest book value of the company is Rs 69.05 per share. At current value, the price-to-book value of the company was 1.72. The dividend yield of the company was 0.93%.