Wednesday 12 November 2008

Hold Sesa Goa, target of Rs 95: Indiabulls Securities

Indiabulls Securities Research has recommended a hold rating on Sesa Goa with a target price of Rs 95 in its November 3, 2008 research report. "DCF method, assuming a WACC of 16%. Thus, valuing the Company’s iron ore reserves of approximately 200 million tons, and pig iron and met coke divisions, we have arrived at a target price of Rs 95. Therefore, the stock seems to be fairly valued at the CMP; and hence, we give a Hold rating," says Indiabulls Securities' research report.

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Source: Moneycontrol

Posted by Harsh at 09:22

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