Sesa Goa gained 2.57% to Rs 171.55 at 13:45 IST on BSE, with the stock reversing steep intraday slide, on inclusion in the S&P BSE Sensex from today, 27 August 2013.
Meanwhile, the S&P BSE Sensex was down 533.73 points or 2.88% at 18,024.40
On BSE, 24.65 lakh shares were traded in the counter as against average daily volume of 3.66 lakh shares in the past one quarter.
The stock dropped as much as 5.53% at the day's low of Rs 158 hit in early trade. The stock rose as much as 4.33% at the day's high of Rs 174.50 hit in early afternoon trade. 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 26 August 2013, rising 27.48% compared with the Sensex's 6.03% fall. The scrip had also outperformed the market in past one quarter, rising 4.4% as against Sensex's 5.82% fall.
The large-cap company has equity capital of Rs 86.91 crore. Face value per share is Re 1.
Shares of Sesa Goa were on a roll recently. Logging gains in three of five trading sessions, the stock surged 28.7% to Rs 167.25 on 26 August 2013 from Rs 129.95 on 19 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 of Sesa Goa were included in the 30-share benchmark S&P BSE Sensex from today, 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.
Powered by Capital Market - Live News
