Prefer Sterlite Industries: Macquarie Capital

Prefer Sterlite Industries among the base metal companies, says Rakesh Arora, HOR, India, Macquarie Capital Securities.

Arora told CNBC-TV18, "Sterlite numbers were excellent and they were largely expected given the results of Hindustan Zinc. But Sterlite has been a huge underperformer and has not rallied along with the global commodity prices as Hindustan Zinc has. So our call is that appears to provide much better risk reward ratio right now and is a preferred bet among the base metal companies." Sterlite Ind trailing 12-month (TTM) EPS was at Rs 4.22 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 43.20. 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 2.76. The dividend yield of the company was 1.03%.