Large Cap 16 Feb 2012, 05:06 PM
Sterlite Industries (India) Ltd.
Goldman Sachs
|
Price when Post 128.8 |
Target Price 150 |
Return 16.4596% |
For full report |
Goldman on Sterlite: Buy with a target of 150
The stock trades at 33% discount to mid-cycle valuations. Asarco decision removes overhang for Sterlite. Damages owed are significantly lower than what was being sought.
Forecast an EPS (earnings per share) CAGR (Compound Annual Growth Rate) of 16% over FY12E-14E.