Sesa Goa may slip to Rs 165: Jai Bala

Bala told CNBC-TV18, "If you look at the BSE Metals Index, the decline to the May lows was actually an impulsive directional setup and the recovery from there has been in three step process. It looks like the BSE Metals Index has declined to about 9700 odds and if you look at Sesa Goa it’s actually one of the weakest. It’s been moving sideways. If you can place a stoploss of about Rs 196 you can expect this stock to decline to about Rs 165 or slightly lower than that."

The company's trailing 12-month (TTM) EPS was at Rs 39.50 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 4.73. The latest book value of the company is Rs 148.58 per share. At current value, the price-to-book value of the company was 1.26. The dividend yield of the company was 2.14%.