Sesa Goa gained 8.38% to Rs 183.75 at 12:33 IST on BSE, with the stock extending recent gains.
Meanwhile, the S&P BSE Sensex was up 280.49 points or 1.57% at 18,278.13
On BSE, 21.22 lakh shares were traded in the counter as against average daily volume of 4.38 lakh shares in the past one quarter.
The stock hit a high of Rs 184.85 and low of Rs 166.20 so far during the day. The stock had hit a 52-week high of Rs 205.40 on 7 January 2013. The stock had hit a 52-week low of Rs 119.45 on 31 July 2013.
The stock had outperformed the market over the past one month till 28 August 2013, surging 29.23% compared with the Sensex's 8.87% fall. The scrip had also outperformed the market in past one quarter, rising 4.66% as against Sensex's 10.74% fall.
The large-cap company has equity capital of Rs 86.91 crore. Face value per share is Re 1.
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Shares of Sesa Goa are on a roll recently. The stock surged 20.18% in four trading days from a recent low of Rs 152.90 on 23 August 2013. Shares gained 9.39% to Rs 167.25 on Monday, 26 August 2013 ahead of the stock's entry in the BSE Sensex pack. Shares gained 9.87% in three trading days since the stock's entry in the BSE Sensex pack from 27 August 2013.
Shares of Sesa Goa were included in the 30-share benchmark S&P BSE Sensex from 27 August 2013. Sesa Goa replaced Sterlite Industries (India) in the Sensex following the scheme of amalgamation between the two Vedanta group firms whereby Sterlite Industries (India) was merged with Sesa Goa. As per the swap ratio, every equity shareholder of Sterlite holding 5 equity shares of the company will be entitled to be issued 3 shares of Sesa Goa. Shares of Sterlite Industries (India) settled at Rs 90.20 on Monday, 26 August 2013, its last trading day.
Sesa Goa's consolidated net profit fell 57% to Rs 414.30 crore on 79.1% decline in net sales to Rs 360.66 crore in Q1 June 2013 over Q1 June 2012.
Sesa Goa is India's leading producer and exporter of iron ore in the private sector with operations in the states of Goa and Karnataka in India and a large integrated project site in Liberia, West Africa.
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