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Sesa Goa Ltd. (SESAGOA) Q4 Profit Surges About 21% at Rs 1462 crore

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Sesa Goa Ltd. has declared its fourth quarter result ended this 31 march 2011. It has earned consolidated net profit of Rs.1462 crore versus Rs.1213 crore, year-on-year, YoY, with a gain of 21%. Also its net sales were up 40% at Rs.3915 crore versus Rs.2800 crore, (Year-on-Year basis) YoY.

Sesa Goa Stock: After posting the better than expected result Sesa Goa stock is likely to perform very well in this market. We believe this stock to be market performer. So start accumulating this stock near 309 to 318 zone for short term target of 345 and 365. placing stop loss at 300. We see a strong upward momentum in this stock once it closes above 330 level.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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