COMPANY NAME- SESA GOA

RECOMMENDATION – BUY AROUND 300 FOR TARGET 450

Potential Return – 50 %

COMPANY BASIC INFORMATION

ISIN Id – INE205A01025
BSE Id – 500295
NSE Id – SESAGOA
INDUSTRY    Mining/Minerals
Market Cap – 28,352.88
Book Value – 55.10
EPS (TTM) – 20.87
Price/Book – 6.27
Face Value – 1.00
P/E – 16.56
Industry P/E – 24.09
P/C – 16.14

STOCK PRICE HISTORY ( NSE)

All Time High – 4400.00
All Time Low – 37.10
52 Week High – 349.50
52 Week Low – 60.15

DAILY CHART

RECOMMENDATION –

The stock formed a “Double Bottom” pattern from January to March this year and got a breakout out of it after making a “Primary Bottom”. After that breakout it rallied all the way to 225 levels in June ’09 from 100 levels in March’09 and entered into a consolidation mode from June to Early October this year in the form of “Rectangle Pattern”. The stock finally got a positive breakout on 12^th October from the “Picture of Conflict” between Buyers and Sellers (Rectangle). All in all the stock has given a breakout from its intermediate/ secondary trend. We therefore
Recommend a Buy on the Stock around 300 with a Stop below 270 for target of 450 in 4-6 Months.