Tuesday, April 29, 2008

Sesa Goa Bonus & Stock Split on cards

Sesa Goa spurted 3.97% to Rs 3854 at 10:02 IST on BSE after the firm announced splitting each share into ten and thereafter giving one bonus share for each share held.

The stock hit a high of Rs 3925 and a low of Rs 3776.10 so far during the day. The stock had a 52-week high of Rs 3969 on 1 January 2008 and a 52-week low of Rs 1630 on 7 June 2007.

The mid-cap iron ore exporter has an equity capital of Rs 39.36 crore. Face value per share is Rs 10.

The current price of Rs 3854 discounts its Q3 December 2007 annualised EPS of Rs 500.72, by a PE multiple of 7.69.

Sesa Goa reported 216.37% surge in net profit to Rs 798.30 crore on 116.21% increase in total income to Rs 1669.97 crore in Q4 March 2008 over Q4 March 2007.

Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.

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