Sesa Goa has target of Rs 460: Gautam Vora

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Sesa Goa has target of Rs 460: Gautam Vora

Sesa Goa has target of Rs 460, says Gautam Vora, Director, ULJK Securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » RELATED NEWS Buy Sesa Goa, says Gujral Enter Sesa Goa at around Rs 420-425: Gujral Sesa Goa a good stock: Sharmila Joshi ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about Sesa Goa See messages about Sesa Goa Sesa Goa BSE | NSE 31/05/12 Are Mutual Funds betting on Sesa Goa?

Sesa Goa has target of Rs 460, says Gautam Vora , Director, ULJK Securities.

Vora told CNBC-TV18, "For Sesa Goa we have a good support at Rs 420 and this stock can go upto a target of Rs 460 or so. So lets wait for it to cool down a little bit maybe about 5-10 more points from here and then you can go ahead and take a look a buying into it because the truth is that the stock has outperformed the market, it has been consistently going up and creating more 52 week highs. So I would definitely accumulate this stock on a pullback."

The share closed at Rs 428.90, down Rs 9.1, or 2.08%.Yesterday the share closed down 0.48% or Rs 2.10 at Rs 438. Currently it is 881.24% above the 52-week low of Rs 43.71.

Its Market Cap is of Rs 35,279.11 crore. The company's trailing 12-month (TTM) EPS was at Rs 20.46 per share.