Wednesday, November 19, 2008

Sesa Goa strengthens on block deal

Sesa Goa rose around 1% to Rs 78 at 12:31 IST,ON 19TH Nov'08, on BSE, aftr a block deal of five lakh shares was executed on BSE at Rs 77.75 a share.
The block deal constituted 0.06% of the company's equity.
The stock hit a high of Rs 79.30 and a low of Rs 76.20 so far during the day. The stock has a 52-week high of Rs 219.5 on 5 May 2008 and a 52-week low of Rs 63.60 on 27 October 2008.
The company's current equity is Rs 78.72 crore. Face value per share is Rs 1.
The current price of Rs 78 discounts the company's Q2 September 2008 annualized EPS of Rs 15.55, by a PE multiple of 5.02.
Sesa Goa's net profit surged 272.63% to Rs 306.08 crore on 151.6% increase in sales to Rs 832.92 crore in Q2 September 2008 over Q2 September 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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