In the morning, there was a news flash on CNBC that MCA asked for SFIO probe into Sesa Goa. Don`t know much details....

possibility is due to 2nd quater results being not good Gopal...

do not worry if you have the stock with you, it will bounce back and it may not go down below 275. so you can enter nw i feel...

do not worry if you have the stock with you, it will bounce back and it may not go down below 275. so you can enter nw i feel...

Check the ET News.... SIFO has sent a notice / initiated the investigation......

u can get it around 220 levels....

There is an investigation going on into the company`s accounting practices. Sesa Goa Plunges on Report India’s Government to Probe Accounts By Debarati Roy Oct. 27 (Bloomberg) -- Sesa Goa Ltd., India’s biggest iron- ore exporter, plunged the most in 21 months following a report that India’s Serious Fraud Investigation Office began an enquiry into its accounts and share price movements. Sesa Goa shares in Mumbai fell as much as 13 percent, the most since Jan. 21, 2008. Sesa Goa Managing Director P. Mukherjee couldn’t be reached on his mobile phone and Sumanth Cidambi, a spokesman at parent Vedanta Resources Plc, declined to comment, saying a statement may be released today. The government is investigating the company’s accounts of the past eight years, the Business Standard reported today, citing an unidentified government official. The movement in the stock price will also be scrutinized, the report said. “The shares will be under pressure until some clarity emerges,” said Niraj Shah, who has a “hold” rating for the stock as an analyst with Centrum Broking Pvt. in Mumbai. “At the moment it does not seem like a serious fraudulent case.” Sesa Goa traded at 283.40 rupees, down 10.3 percent, as of 12:37 p.m. today in Mumbai. The stock has almost quadrupled this year, compared with a 72 percent gain in the key Sensitive Index. Vedanta Resources acquired 51 percent stake in Sesa Goa from Mitsui & Co. for $981 million on April 23. Sesa Goa was prima facie found guilty by the Registrar of Companies of fudging invoices, the Press Trust of India reported late yesterday, citing the Corporate Affairs ministry. The Registrar of Companies, which had been investigating the case since early 2003, submitted its report early last week, the report said, citing unidentified people. The allegations against the company also include diversion of funds, Press Trust reported. The Serious Fraud Investigation Office is a wing of the Corporate Affairs ministry. Another case pertaining to the merger of Sesa Goa with its subsidiary Sesa Industries is pending with the Supreme Court, Press Trust said. ...

Hi Swastika... who advised you for exit please. Is there any site / way where I can get such advise to buy or sell . please let me know. I am not a day trader but a investor. just like to know the scripts to buy at right price and exit before fall :).

Thanks,
Ram....

anyone know why Sesa is going down so much ... its down 11% so far.. how much it can go down ? whats good level to enter... pl comment....

Oh Yes... Hello SANJU VERMA ... bad for the one who follow you and buy Punj Loyd ... good for the one who checked here about your comments on L&T and stay away from Punj Loyd...see what happen to Punj Loyd now...

Cheer!...

Is it a good buy at this level @ around 180-185 whats up side and down side to it ?...

hello experts - can you suggest if its good time to enter in cement , if yes which is good ACC / Ambuja / Ultra pl.. what level one should enter pl?...

results are not as expected so it will fall from here.. watchout good level to enter ...

experts - is current level of itc @ 253 good to buy? please suggest
alsoe, whats nearterm target please...