COMPANY NAME- SESA GOA                                     26-NOV.-10.

RECOMMENDATION- SELL      PRICE TARGET -        250                                         

                                    COMPANY BASIC INFORMATION

ISIN Id

INE205A01025

BSE Id

500295

NSE Id

SESAGOA

INDUSTRY

Mining/Minerals

Market Cap

25739.49

Book Value

83.88

EPS (TTM)

34.32

Price/Book

3.57

Face Value

1.00

P/E

8.72

Div(%)

325.00%

Industry P/E

33.98

P/C

8.56

Div Yield (%)

1.09

STOCK PRICE HISTORY( NSE)

All Time High   

4400.00

All Time Low     

37.10

52 Week High   

495.00

52 Week Low      

296.00

 

 

 

 

 

 

 

 

 

 

 

Recommendation-

The stock has given a downward breakout, out of a consolidation price pattern. It made an intermediate high in April this year and then entered into a sharp price correction immediately. However around lower levels again it started to make a consolidation pattern which now has happened to be a pause in the ensuing correction. A weekly closing below its supports and a new 52 week low on the same sessions will definitely spark more weakness in the stock and attract bears. We therefore recommend a sell on the stock around 310-315 levels with a stop above 340 for a very short term target of 250.