Prefer Sterlite Ind, Hindustan Zinc: ICICI Securities

Prefer Sterlite Industries and Hindustan Zinc in the non-ferrous segment, says Anantha Narayan, Co-Head Equities at ICICI Securities.

Narayan told CNBC-TV18, "We are not very positive on the metal sector, in fact on the metal sector one of the key concerns for us is on the cost side, so even for this quarter we are expecting results to be fairly muted in that space. But within the metal sector we like the non-ferrous segment relatively more and within that we like Sterlite and Hindustan Zinc."
Sterlite Ind trailing 12-month (TTM) EPS was at Rs 4.76 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 36.78. 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 2.65. The dividend yield of the company was 1.07%.