Stop loss of 370 for Sesa Goa: Fayeza Hafizee

ET Now spoke to Fayeza Hafizee, Vice President, Institutional Sales, Intime Spectrum Securities Ltd, on her views on Sesa Goa.

ET Now: What is your call on Sesa Goa?

Fayeza Hafizee: Long term, the moves with the company are definitely good but currently, we are not positive on the stock at all. Iron ore prices have seen a hit plus the fact that demand from China could see a bit of a decline.

So our call currently is a sell on rallies with a stop loss of perhaps 370 or so but we could see the stock hit 350, even 280. So we are definitely negative on the stock for now.