Gaurang Shah of Geojit Financial Services is of the view that Sesa Goa in near term would cross Rs 4390-4360. 

Shah told CNBC-TV18, "I think anything in excess of Rs 4,650-4,700 could definitely be on the charts. Given the kind of fact that the consumption of steel even if you see domestically, you forget the export part of it looks to be quite robust and I think the commodity prices by and large define the iron ore prices also. Also given the fact that Sesa Goa has some kind of a niche placement as far as the segment is concerned. So from that point of view and one of the stocks in fact that has recovered fantastically from the lows that we have seen in the recent times to the higher levels almost the lifetime high in the near-term it would be possibly crossing Rs 4,390-4,360 what something like a two week high is currently quoted at around about Rs 4,330. If the investor’s acquisition price levels are much lower than the support levels, so it is definitely a hold and with two-three years of timeframe I think one is going to get fantastic returns."

Disclosure: Analyst does not have personal holding but some recommendations could be a part of his client portfolio.