Sterlite ADRs Could Be In Play On Monday (SLT)

American Depositary Receipts (ADRs) of Sterlite Industries (NYSE: SLT), India's largest copper maker, could be worth watching on Monday after the stock rised to its highest price in a month during the Mumbai session after the company lost a $2.5 billion bid to acquire bankrupt U.S. copper miner Asarco LLC.

Grupo Mexico SAB will acquire Asarco, but investors appear to be cheering the fact that Sterlite will save $2.5 billion. Sterlite shares were the third-best performers on India's benchmark Sensitive Index on Monday.

Sterlite ADRs closed at $18.46 on Friday, just below the 52-week high of $18.78.