A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Expected this… a fabulous Q1 FY 11 for Sesa Goa… It’s best first quarter in history.. a consolidated net Profit of Rs 1302 crs giving an EPS of over Rs 15 on an Equity of Rs 85.97 crs (FV Rs1)… this was achieved due to higher Iron Ore Prices in the Quarter and good offtake …
Dear Madhu,Hope this updated view on Sesa Goa answers your query you just posed on another blog….I’ve put it up as a seperate blog as it will serve a wider audience In 2009,Sesa Goa had scaringly dropped to Rs 60 from levels of near Rs 175…and then burst away to record an all time high …
Just last evening there was a News release that China’s Iron Ore Trading Association has banned it’s Members from Importing Iron Ore with a Fe Content of below 60% Will this affect Sesa Goa?….Markets think so and have dropped the Share Price from Rs 490+ levels to below Rs 470 levels as I blog If …
After kissing 18000 yesterday after a two year gap,the Sensex dropped 256 points today to close at 17714…it was in the red right from day’s start at 9 am till close at 3.30 pm But Sesa Goa surged to a record high of Rs 494+ and closed a few notches lower at Rs 490….I’ve been …
On November 1,2009 I had warned shareholders of the unlisted Sesa Industries to think twice before selling their shares on offers of Rs 600 per share Unlisted Sesa Industries has buyers off market at Rs 600…but should you sell ? NO!…It’s worth much more Now offers are at Rs 675…..Please think again Twice before selling …
SESA INDUSTRIES….Unlisted but worth Rs 1600+…..much more than Rs 675 being offered Read More »
Markets are on fire today..Sensex is up 400 points past 16800 as Reliance gallops yet again past a cum 1:1 Bonus Rs 2100 But what was interesting is the arbitrage available in SESA GOA Spot Price has surged to Rs 354 as Company announced during market hours that FII,Templeton had increased their stake….. and the Futures …