HomeNewsBusinessStocksHold Sesa Goa, advises Nitin Raheja

Hold Sesa Goa, advises Nitin Raheja

Nitin Raheja of AQF Advisors recommends holding Sesa Goa. "Besides the merger, there might be a look at the mining ban that has taken place, which could be very positive for the company," he adds.

August 26, 2013 / 16:30 IST
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Nitin Raheja of AQF Advisors told CNBC-TV18, "One can clearly see the crisis of the ground starting to manifest Sesa Goa in terms of decisions. So I think Sesa Goa, besides the merger, there might be a look at the mining ban that has taken place, which could be very positive as far as the company is concerned. So things are looking better for Sesa as such. So we would probably hold onto the stock."

The share touched its 52-week high Rs 205.40 and 52-week low Rs 119.45 on 07 January, 2013 and 31 July, 2013, respectively. Currently, it is trading 18.57 percent below its 52-week high and 40.02 percent above its 52-week low. Market capitalisation stands at Rs 14,535.72 crore.
first published: Aug 26, 2013 04:29 pm

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