Aug 29, 2013, 06.09 PM | Source: CNBC-TV18
Nischal Maheshwari of Edelweiss Financial Services recmmends buying Sesa Goa as metal stocks are on recovery path.
Nischal Maheshwari (more)
Head-Research- Wholesale Capital Markets, Edelweiss Financial Services | Capital Expertise: Equity - Fundamental
"Bounce back is happening in most of the metal stocks given that China has been showing stronger number and US and Europe are also recovering. Domestically I don't see any recovery happening in the short term. So, the Q2 numbers will still be bad for most of these metal companies," he said.
The share touched its 52-week high Rs 205.40 and 52-week low Rs 119.45 on 07 January, 2013 and 31 July, 2013, respectively. Currently, it is trading 6.28 percent below its 52-week high and 61.16 percent above its 52-week low. Market capitalisation stands at Rs 16,730.20 crore.
Ashwani Gujral of ashwanigujral.com is of the view
The government using retrospective tax legislation
"The management of Sesa Mining Corporation through
Vedanta Ltd has informed BSE that a meeting of the