Sterlite Industries rises over 4 pc on smart Q4 nos

MUMBAI: Shares of Sterlite Industries today rose over four per cent on the Bombay Stock Exchange buoyed by strong quarter earnings.

The scrip surged 4.4 per cent to settle at Rs 186.40 apiece on the BSE. During the intra-day trade, the stock climbed 6.13 per cent.

According to market analysts, robust quarterly performance lifted the company's share price.

Similarly, on the National Stock Exchange, shares of the non-ferrous metals producer firm closed at Rs 183.85, up 5.05 per cent from its previous close.

In terms of volume, about 31.85 lakh shares got trade don the BSE, while 1.66 crore shares got changed hands on the NSE.

Sterlite Industries reported fourth quarter consolidated net profit of Rs 1,925 crore, a growth of 35 per cent as compared to Rs 1,425 crore in year-ago period.

The company's total income increased by 39 per cent to Rs 10,056.11 crore in the January-March quarter of 2011.

Meanwhile, the bellwether sensitive index Sensex finished the trade at 19,584.31, down 17.92 points, or 0.09 per cent, from the previous close.