Sesa Goa shares rise 10 percent


Sesa Goa shares rise 10 percent
Bangalore: The Sesa Goa stock was among the top gainers of the day after its price went up by nearly 10 percent. After starting the day at 359, the stock touched its intra-day high of 389.05, before closing the day at 387.60, with a gain of 9.54 percent. Through the day, over four million Sesa Goa shares were traded with the current P/E ratio of the stock at 15.77. 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 organised 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. Metal stocks performed well after China's pledge to make its currency more flexible lifted copper and other base metals in Shanghai market today on hopes of increased purchasing power will boost demand in the world's third-largest economy.