Hold Sesa Goa, target of Rs 240: Sharmila Joshi

Sharmila Joshi of Peerless Securities told CNBC-TV18, "We have a buy on Sesa Goa. The valuations for Sesa-Sterlite would be address as a larger picture and not just Sesa on its own because Sesa on its own with mining ban in Goa didn't have a lot to recommend it."

"We have been hearing that there could be some kind of move on relaxing the ban that you currently see on iron ore mining in Goa. If that were to play out then that is a likely conclusion to this whole episode that we have seen on this mining space and then there is definitely further upside in Sesa Goa. I would give it a target of about Rs 240 and continue to hold the stock," she added.