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12 Mar 2009

Why Sterlite Industries and Tata Motors showed Gains | History Repeats Itself


1. Sterlite Industries has shown a price appreciation to an extent of 7.26% as the company has signed a new agreement with Asarco, a copper mining company of the US to buy its operating assets for $1.7 billion. The positive impact was seen on the price as deal is being viewed as an opportunity for geographic diversification in the US market by Sterlite, which is a subsidiary of London-based Vedanta Resources.

2. Another stock which had shown significant advancement was Tata Motors which gained by more than 6.77% as it has entered into a tie-up with State Bank of Mysore which will provide car finance to its customers. This is a major breakthrough as Nano is going to hit the Indian roads in a big way. This facility will be available at all branches of State Bank of Mysore and 329 sales touch points of Tata Motors. Thus as a day trader one can keep an eye on such type of news as it helps one to make quick gains. Remember history repeats itself and do make use of such type of news in future.

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