Sesa Goa shares up 11 percent

By SiliconIndia   |   Friday, May 28, 2010
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Bangalore: Sesa Goa was among the top gainers of the day after its share price went up by nearly 11 percent. After opening the day at Rs. 344.70, the stock touched its day's high of Rs. 374.80, before ending the day at Rs. 337.45, with a gain of 10.67 percent. Through the day, 6246221 shares of Sesa Goa were traded in the market with the current P/E ratio of 15.16. 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. Sesa Goa's MetCoke division manufactures metallurgical coke. It has 84 coke ovens with a capacity of 280,000 tons. Sesa Goa's main mining operations are at Codli and Sonshi. In June 2009, the Company acquired V S Dempo & Co. Pvt. Ltd (VSD), which in turn also holds 100 percent equity shares of Dempo Mining Corporation and 50 percent equity shares of Goa Maritime. Currently, twenty six analysts are following the stock with three analysts recommending to buy the stock. The consensus recommendation is to hold the stock.
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