Sesa Goa may give 30-35% returns, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "Sesa Goa, I have been taking a call for the last one week that Rs 150 looks to be in. In fact three days back when this news came, honestly I don't see that it can really fall below Rs 150 inspite of considering this 30%. Because if they are not able to because take the case of NMDC and Sesa Goa. NMDC is least affected because they don't have anything exports but similar is the case with Sesa Goa."
He further added, "If they are unable to have the better realization, definitely they will look up on the domestic market also because long term contracts with the overseas bad are not for their entire 100% quantity. FY13 is likely to be a very stable year. So maybe with that EPS of close to about Rs 40 from the core operations and the 20% stake in Cairn India which is now valid at Rs 12,500 crore - taking all this into consideration, I think the stock has bottomed out. If someone can keep a view of about one year, the stock is capable to give a return of 30-35% from here on."
