Ritesh Shah of Espirito Santo is of the view that one may buy Sesa Sterlite.
Ritesh Shah of Espirito Santo believes the Goa government has been rather pro-active on mining, considering it has already collected stamp duty for 27 leases. "It is a positive thing and it is already there in the price."
From a profitability perspective, we expect the government to garner around USD 200-250 million, Ritesh Shah, Espirito Santo Securities said.
According to Ritesh Shah of Espirito Santo Securities, Sesa Goa is a top pick in the non-ferrous sector.
Ritesh Shah of Espirito Santo Securities is positive on Sesa Sterlite and sets a fair value ranging between Rs 180-220.