Abhishek Karande of SBICap Securities told CNBC-TV18, "Sesa Sterlite is more of a pullback call. We saw good up moves coming into the stock. So, it came back to Rs 180-190 levels. One should buy this pullback and may see again prices going back to Rs 220-225 levels."
At 15:02 hrs Sesa Sterlite was quoting at Rs 204.60, up Rs 3.25, or 1.61 percent. It has touched an intraday high of Rs 208.60 and an intraday low of Rs 201.20.
The share touched its 52-week high Rs 209.35 and 52-week low Rs 119.45 on 03 November, 2013 and 31 July, 2013, respectively. Currently, it is trading 2.27 percent below its 52-week high and 71.29 percent above its 52-week low. Market capitalisation stands at Rs 60,657.24 crore.
Disclosure: He may have recommended the stock to his clients.
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