Monday 10 November 2008

Buy Sesa Goa: Vijay

Portfolio Manager, PN Vijay is of the view that one can buy Sesa Goa.

Vijay told CNBC-TV18, "I would buy a metal ancillary like Sesa Goa because in this whole scenario one thing is clear that they are sitting on iron ore for which the global demand still exceeds supply. They have pricing pressures but on the other hand fixed rates are high percentage of their pricing and government seems to be wanting to be give stimulus for this through fiscal measures and P/E is unbelievably low.”

Disclosure: Analyst might have positions in the stocks/sectors discussed through their portfolio management accounts or through proprietary accounts.

Source: Moneycontrol

Posted by Harsh at 07:40

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.