Hold Sesa Goa: Devang Mehta

Hold Sesa Goa, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "On Sesa Goa we have a hold rating. We are not aggressively pushing it to our clients. We do like the ferrous metal space where Tata steel and SAIL could perform over a period of time because of some semblance of global stability."

Sesa Goa trailing 12-month (TTM) EPS was at Rs 34.32 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 9.17. The latest book value of the company is Rs 83.88 per share. At current value, the price-to-book value of the company was 3.75. The dividend yield of the company was 1.03%.