Hold Sesa Goa: Irani

Published on Mon, Mar 15, 2010 at 17:13 |  Source : CNBC-TV18

Updated at Mon, Mar 15, 2010 at 19:24  

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Mehraboon Irani, Centrum Broking is of the view that one can continue to hold Sesa Goa .

Irani told CNBC-TV18, "Gujarat NRE earnings are very difficult to predict even on QoQ basis, so this remains a dark horse in this pack. As far as Sesa Goa goes yes I like that company though on the valuation front I think this is a little expensive. I would prefer for the stock to react before, recommending it from the buying angle. But if somebody is holding it and asking this question I would say a 5-7% downside one is ready to ignore, this is a stock which one can continue to hold on. If iron ore prices perk up or continue to remain firm, I definitely see Sesa Goa also moving up.

  

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