Remain invested in Sesa Goa: SP Tulsian

One can remain invested in Sesa Goa with a long term view, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Sesa Goa - if you see the merged entity, which will happen after the merger of the Sterlite Industries into Sesa Goa -- the new name will be Sesa Sterlite -- they will be having the business of all the natural  resources to start with iron ore in the ferrous metal. In the non-ferrous metal, they will be making aluminum, lead, zinc,  copper everything and even the Cairn India stake is coming into this company in the form of the crude oil."
He further added, "All the items if you see now have been passing through a dull phase more specially the metal space whether you talk of the ferrous or non-ferrous but once they will be having this all merged business into one entity under the name of Sesa Sterlite, this will probably be amongst the top 10 profit-making companies in the listed space in the private sector. So, definitely things are quite positive for the stock. One should not be too perturbed or too worried or too much fancied for the target."
"If the zinc price goes up maybe by about 20 percent, the profits can move up by 10-15 percent. Same thing can be for crude, same thing for aluminum and same thing could be for the copper. So keep a patience of about 12 months, in which you are not going to see any upside in the realisations of all these metal products. So, keep a view of four-five years and the stock is having all the quality to remain invested for that kind of a period."