Sesa Goa surges ahead of its inclusion in Sensex

Sesa Goa surged 5.62% to Rs 161.50 at 14:09 IST on BSE ahead of its inclusion in the S&P BSE Sensex on Tuesday, 27 August 2013..

Meanwhile, the S&P BSE Sensex was up 38.60 points or 0.21% at 18,558.04.

High volumes accompanied the rally in the counter. On BSE, 26.07 lakh shares were traded in the counter as against average daily volume of 3.10 lakh shares in the past one quarter.

The stock surged as much as 11.18% at the day's high of Rs 170 so far during the day. The stock rose 0.39% at the day's low of Rs 153.50 so far during the day. 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 23 August 2013, rising 3.49% compared with the Sensex's 8.78% fall. The scrip had also outperformed the market in past one quarter, declining 2.55% as against Sensex's 5.87% fall.

The large-cap company has equity capital of Rs 86.91 crore. Face value per share is Re 1.

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.

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