Monday, 15 July 2013

Sesa Goa strengthens on plan to resume mining operations in Karnataka

Sesa Goa is currently trading at Rs. 153.60, up by 2.00 points or 1.32% from its previous closing of Rs. 151.60 on the BSE.

The scrip opened at Rs. 153.00 and has touched a high and low of Rs. 154.45 and Rs. 151.75 respectively. So far 75780 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 205.40 on 07-Jan-2013 and a 52 week low of Rs. 131.70 on 26-Jun-2013.

Last one week high and low of the scrip stood at Rs. 154.45 and Rs. 139.85 respectively. The current market cap of the company is Rs. 13366.78 crore.

The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 31.49% and 13.39% respectively.

Sesa Goa's iron ore mine in Karnataka has been recommended grant of forest clearance from a top advisory body of the environment ministry. This will enable the Vedanta group firm to resume operations in the Southern state after about 2 years once the final decision from the Environment Ministry is given positively within this month.

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