Sesa Goa shares down 8 percent


Sesa Goa shares down 8 percent
Bangalore: Sesa Goa was among the top losers, on a day when the Sensex ended with a loss of nearly 310 points. After opening the day at 334, the stock touched the day's low price of 307.10, before ending the day at 338.25, down 8.41 percent. Through the day, 2856031 shares of Sesa Goa were traded in the market with the current P/E ratio of 12.55. The 52 week stock price chart is on the left. Sesa Goa is an iron ore producer and exporter, with mining and processing facilities at various locations in India. The Company is in the business of mining and sale of iron ore and manufacture and sale of metallurgical coke. It has access to 240 million metric tons reserves and resources of iron ore. Sesa Goa is organized into three main business segments: iron ore, metallurgical coke and pig iron. The Company exports approximately five million tons of iron ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and west coasts of India. Sesa Goa's MetCoke division manufactures metallurgical coke. Sesa Goa has 84 coke ovens with a capacity of 280,000 tons. Sesa Goa's main mining operations are at Codli and Sonshi. Out of the 26 analysts following the stock, 10 analysts recommend to buy the stock. The consensus recommendation is to hold the stock.