Remain Invested in Sterlite Industries: SP Tulsian

Remain Invested in Sterlite Industries, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Sterlite is largely deriving its topline and bottomline from this 64% stake, which they are holding in Hindustan Zinc and if you take the call on Hindustan Zinc I think there are all the positive view whether you go ahead in respect to the zinc or led or even the silver, which are the products manufactured by Hindustan Zinc. So, I am not too worried."

He further added, "If you see the Sterlite is holding 51% in Bharat Aluminium Company Ltd (BALCO) even the aluminum cycle has been quite good. And apart from this copper smelter or even that is giving them a reasonable. So it is the general weaknesses we are seeing happening in case of Sterlite Industries and for last 6 months or so it has really not participated. In fact at one time Sterlite and Hindalco used to go hand in hand. But now that connectivity or that parity has disconnected. So I will advice that remain invested in Sterlite Industries because you have 64% investments held by the company in Hindustan Zinc that is a big value creator for the stock."