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mehtamihir786
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19 Aug 2008 14:49
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11 Aug 2008 13:13
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I might sound over confident but still, we have to consider the following:
52 weeks high for sesa goa is Rs.4400.00 & currently it's trading at abt 3500.00 to 3600.00. i.e. abt 20% down from it's all time high. Now, since 2006, this company has consistently posted very good results & has shown no sign of weakness. It's just the market trend which has caused sesa to come down like this (Once it was being traded even at Rs.2600.00, just recently).
With the demand for steel in China & in the local markets going up, partcularly after the Olympics, I beleive sesa should put on a very good show.
So, as on 31.08.08, I presume, sesa will be trading at approx. Rs.200.00 per share (i.e.Rs.4000.00, pre-bonus & split). It is now for us to decide whether to remain invested or not, after that time.
However, I'm optimistic....
52 weeks high for sesa goa is Rs.4400.00 & currently it's trading at abt 3500.00 to 3600.00. i.e. abt 20% down from it's all time high. Now, since 2006, this company has consistently posted very good results & has shown no sign of weakness. It's just the market trend which has caused sesa to come down like this (Once it was being traded even at Rs.2600.00, just recently).
With the demand for steel in China & in the local markets going up, partcularly after the Olympics, I beleive sesa should put on a very good show.
So, as on 31.08.08, I presume, sesa will be trading at approx. Rs.200.00 per share (i.e.Rs.4000.00, pre-bonus & split). It is now for us to decide whether to remain invested or not, after that time.
However, I'm optimistic....
08 Aug 2008 14:38
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23 Jul 2008 12:51
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