SP Tulsian, sptulsian.com is positive on Sesa Goa .
Tulsian told CNBC-TV18, "This time Sesa Goa's results will really be quite interesting because one has to see Cairn India which has posted profit of close to Rs 2300 crore for Q3 and you extrapolate that. So that works out to a yearly profit of close to about Rs 9000 crore, so 20% of that will straight away get added as a minority interest in the PAT of Sesa Goa. Now those Rs 1800 crore alone translates into an EPS of Rs 20-21 in the books of Sesa Goa. If you see the kind of investments they have made in Cairn India of about Rs 13,000 crore and that Rs 13,000 crore if can give them a PAT of close to Rs 1800 crore at least on a yearly basis from FY13, so that is going to get liked by the market very much, this is one part."
He further added, "If you take their core operations, I think it will be broadly on the lines of Q1, marginally down than Q1. Quarter one had maybe EPS of close to about Rs 11 but core operations for Q3 will given them an EPS of Rs 9. So if you take this call Rs 40-45 for FY13 from core operations and Rs 20 from Cairn India, I think Rs 65 EPS on Sesa Goa really makes it a good buy and that is the reason I have been maintaining my positive stance on the stock for last 15 days largely on this premise."
