On Oct 8th, I had given a call on Sterlite Technologies [medium term call: Buy Sterlite Technologies (BSE: 532374, NSE: STRTECH) at 96-98 for a medium term 4-6 month target of 127 (+30%)]. Its recent Q2 results are good and reasonable at Rs 57 crores; analysts were expecting too much (Rs 70 crores) and hence dumped the stock...current price is at 86.
I still think good script can be bought at this level, incrementally adding on dips for a 6-8 month target of 120-125.
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