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.
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