Sterlite a good long-term bet: Anil Rego, Right Horizons

Anil Rego, CEO & Founder Right Horizons, in a chat with ET Now talks about Sterlite Industries.

The closing of plant is a big setback for Sterlite Industries. What’s the sense going forward?

I would expect more and more environment concerns considering the nature of the industry that they are in and may be it is a bit of a bad luck out there - continuous bad news and various environmental factors. But I would expect Sterlite to overcome some of these issues in the long term because I guess they have a pretty diversified offering there.

So I would expect Sterlite in the long term to be a good bet - may be downside potential of 3-5% from here but I would probably use that as an opportunity to go and buy some more of Sterlite.