Sesa Goa tumbled 7.73% to Rs 75.80 at 11:51 IST on BSE, as weak global spot iron ore prices offset strong Q2 results.
The stock hit a high of Rs 81 and a low of Rs 74.80 so far during the day. The stock has a 52-week high of Rs 219.50 on 5 May 2008 and a 52-week low of Rs 73.05 on 16 October 2008.
The stock declined 3.47% to Rs 82.15 on 22 October 207, from a recent high of Rs 85.10 on 21 October 2008, ahead of the results. The stock surged 5.85% to Rs 85.10 on 21 October 2008.
The company’s current equity is Rs 78.72 crore. Face value per share is Rs 1.
Sesa Goa’s net profit surged 272.63% to Rs 306.08 crore on 151.07% increase in total income to Rs 876.76 crore in Q2 September 2008 over Q2 September 2007. The company announced the results after trading hours on Wednesday, 22 October 2008.
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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