Avoid Sesa Goa right now: Siddharth Sedani
One should avoid this stock right now and then take a call.
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| Siddharth Sedani, Sr. Manager (Portfolio Management Services), Microsec Capital Ltd., in an interview with ET Now talks about Sesa Goa.
What is the call on Sesa Goa right now?
The usage of the funds is quite lesser in terms of their cash reserves what they have in terms of the stake which they are getting 20% and we know that Vedanta is acquiring odd 60% from Cairn India. So looking at these and iron ore prices is not doing that great, volumes are not going up and the way China’s exports are coming down in iron ore, Sesa Goa one should avoid this right now because there is lot of controversies with the group going on. One should avoid this stock right now and then take a call.
What is the call on Sesa Goa right now?
The usage of the funds is quite lesser in terms of their cash reserves what they have in terms of the stake which they are getting 20% and we know that Vedanta is acquiring odd 60% from Cairn India. So looking at these and iron ore prices is not doing that great, volumes are not going up and the way China’s exports are coming down in iron ore, Sesa Goa one should avoid this right now because there is lot of controversies with the group going on. One should avoid this stock right now and then take a call.
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