'Target price Rs 508, stop loss Rs 458 for Sesa Goa'

ET Now caught up with Anu Jain, Vice President, IIFL Private Wealth Management, India Infoline, to get her views on the outlook of Sesa Goa.

A few brokerage reports have suddenly increased their price targets for Sesa Goa to as high as around Rs 568. What's your take on Sesa Goa?

Yesterday, it closed at about Rs 470. It's going about 0.5% up today. It ran up against the market technical strength yesterday. There is an open interest building up. So, with a stop loss of Rs 458, I would probably look at a swing target of about Rs 508-510. This is obviously a call for about 8 to 10 sessions of trading about two weeks.