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Sesa Goa trades in fine contour on the bourses

22 Nov 2011 Evaluate

Sesa Goa is currently trading at Rs 173.25, up by 1.60 points or 0.93% from its previous closing of Rs 171.65 on the BSE.

The scrip opened at Rs 172.50 and has touched a high and low of Rs 174.85 and Rs 171.40 respectively. So far 125000 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 346.00 on 13-Jan-2011 and a 52 week low of Rs 170.50 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs 205.00 and Rs 170.50 respectively. The current market cap of the company is Rs 15057 crore.

The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 28.95% and 15.92% respectively.

Sesa Goa, a majority-owned subsidiary of Vedanta Resources plc, anticipates that the country’s iron ore exports may fall by a third to 65-70 million tonnes in the year to March 2012. The company also expects that the western state of Goa, which was the top exporter last year, may ship 45-50 million tonnes, down from 54.42 million tonnes in the year earlier period. Also any mining ban in the state would hit exports from Goa.

Recently, the company was expecting the mining ban in Karnataka to be lifted by December, enabling it to resume normal production in the state from early 2012. Inspection of the company’s mine by apex court nominated agency was over and so the company was hoping, the case to come to a conclusion by this quarter. The company further anticipates, resuming its normal production and sales from the state by next quarter.

Sesa Goa is in the business of iron ore mining (accounts for 85 percent of revenues), and manufacture of pig iron (9 percent) and metallurgical coke (6 percent).

Vedanta Share Price

770.65 -16.95 (-2.15%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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