Sunday, March 7, 2010

Buy Sesa Goa on declines

Long term investors should consider buying Sesa Goa on all declines. The scrip is in a very strong uptrend.

It has always been among the better metal performers. During bull markets, it is volatile, and on the downside during bear markets but its long term returns over 4-5 years is probably among the highest in this sector.

The stock could react in the near term and could stabilize around 425 levels. Buy on declines for a target of 750 in a years time frame.

The following data gives the returns the scrip given over a period of time

Performance
1 Week : Rs 399.95 (11.56%)
1 Month : Rs 353.60 (26.19%)
1 Year : Rs 72.75 (513.33%)

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