A senior official of a mining firm in Goa has said that foreign funding might be behind those opposing the iron ore mining industry Goa.

P K Mukherjee, the Managing Director of Sesa Goa Limited said that the company does not know if foreign funding is behind the activism but warned that such aspects are harmful in the long run.

The India's largest private sector iron ore producer and exporter, Sesa Goa 's shares have been hit by a 52-week-low on a mining ban in the iron-rich regions of Chitradurga and Tumkur districts in Karnataka. The stock was recorded to be down by Rs 10.55 or 4.74%.

The shares of JSW Steel Ltd are trading at Rs. 651, which is decreased by Rs 13.90 or 2% and the stock has been hit by a high of Rs. 675 and a low of Rs633. It was reported that Sesa Goa owns a mine and JSW Steel runs its biggest mill in the country.

Technical analyst Ashwani Gujral has maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 330.

According to analyst, the investors can buy the stock with a stop loss of Rs 307.

The stock of the company, on May 02, closed at Rs 313.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 427.20 and a low of Rs 261 on BSE.

Current EPS & P/E ratio stood at 40.20 and 7.72 respectively.

Technical analyst Simi Bhaumik has maintained 'sell' rating on Sesa Goa Limited stock with an intra-day target of Rs 296.

The analyst said that the stock can be sold with a stop loss of Rs 312.

Bhaumik also said that it is better to sell the stock at this time in order to avoid loss.

After selling the stock in today's session, the interested investors can buy the stock again on dips to reap gains in medium or long term.

The stock of the company, on April 18, closed at Rs 305.30 on the Bombay Stock Exchange (BSE).

Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Sesa Goa Limited stock to achieve a target of Rs 270.

According to analyst, the investors can buy the stock with a stop loss of Rs 259.

The stock of the company, on March 22, closed at Rs 262.80 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 37.73 and 7.06 respectively.

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 261 on BSE.

As part of the Union Budget 2011-12, export duty on iron ore is proposed to be hiked to a uniform 20% from existing 5% on fines and 15% on lumps, further compounding problems for Sesa Goa. We estimate FY12E EBITDA impact of Rs8.7bn (16%) and EPS impact of 11%. However, in our opinion, CMP adequately factors in the concerns. Maintain ‘BUY’ with a revised DCF-based TP of Rs326.

Following the Supreme Court's order of withdrawing power rebates to industrial units, Goa government has began one of its biggest recovery campaign. Goa government will be recovering dues around Rs 16 crore from companies based in Goa. The companies which have to pay dues include big names also like Sesa Goa, Nestle India and MRF.

Technical analyst Ashutosh Sarna maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 345.

According to analyst, the stock can be purchased with a stop loss of Rs 328.

The stock of the company, on January 24, closed at Rs 330.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 290.70 on BSE.

Current EPS & P/E ratio stood at 37.73 and 8.76 respectively.

Iron ore miner Sesa Goa announced 39 per cent growth in its standalone net profit for the three month period ended December 2010.

Volume concerns, pricing gain; Upgrade to `BUY' Sesa Goa's consol. revenue and EBITDA grew 19% YoY each to Rs22.5bn and Rs12.3bn respectively, on increased realisation
(up 59% YoY to USD87/t) despite lower volumes (5.4mnt, dow 21% YoY, first decline in 14 qtrs). Adjusted profit rose 40% YoY to Rs10.6bn on higher treasury income and lower tax rate.

Key result highlights:

Third party mining operations in Orissa ceased- To dent volumes & earnings Sesa Goa announced closure of its third party mining operations in Thakurani mine, Orissa as it was unable to renew the contract on viable commercial terms on long-term basis. We believe this will negatively impact volumes; however the impact on earnings would be less severe due to third party nature of the contracts which entail higher costs.

Following these developments we reduce our volume estimates by

Stock market analyst Nikita Surekha has maintained 'buy' rating on Sesa Goa Limited stock to achieve a target of Rs 346.

According to analyst, the stock can be bought with stop loss of Rs 331.

The stock of the company, on November 15, closed at Rs 338.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 314.65 on BSE.

Current EPS & P/E ratio stood at 34.96 and 9.68 respectively.

In its October 20, 2010 research report KRChoksey has suggested to hold rating on Sesa Goa with an aim of Rs 390.

Sesa Goa has accounted consolidated sales of Rs 907 crore as contrasted to the Rs 534 in the consequent quarter last year. Sales volumes rose up by 25% to 2.0 million tonnes as contrasted to 1.62 million tonnes in Q2FY10. Successively the sales volumes fall down by 62% majorly on account of seasonality.

The group, Vedanta organization Sesa Goa today augmented above two per cent in the initial deal on the Bombay Stock Exchange, a day subsequent to the group recorded above dual development in its net profit for the quarter of September month.

The reported net profit of Sesa Goa is Rs 384.94 crore for the subsequent quarter of the recent financial year as alongside Rs 166.46 crore in the similar period of previous financial.

Stock market analyst Sanjay Surekha has maintained 'sell' rating on Sesa Goa Ltd stock with target of Rs 270.

According to Mr. Surekha, the investors can sell the stock with stop loss of Rs 365.

Today, the stock opened at Rs 326 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 494.30 and a low of Rs 153.50 on BSE.

Current EPS & P/E ratio stood at 25.81 and 12.84 respectively.

In his latest research report, stock market analyst Ashwani Gujral said that Sesa Goa Ltd can give good returns in 4-5 trading sessions.

According to Mr. Gujral, the stock of the company can be bought with a strict stop loss of Rs 350 to achieve a target of Rs 420.

Today, the shares of the company opened at Rs 368.05 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 19.63 and 18.95 respectively.

Stock market analysts have maintained 'buy' rating on Sesa Goa Ltd with an intraday target of Rs 335.

According to them, interested traders can purchase the stock above Rs 332 with a strict stop loss of Rs 327. If the stock markets remain on the positive path then the stock price will hit a target above Rs 338.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Sesa Goa with a target of Rs 235 in the short term.

The report further stated that, if the counter is successful to breach Rs 238, then it will hit a target of Rs 245.

In addition, the firm has suggested a support level for the scrip at Rs 215.

In its latest research report, Nirmal Bang, an equity research firm said that Sesa Goa can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 203 to achieve a target of Rs 235.

The report also stated that, if the counter is successful to breach 235, then it will hit a target of Rs 250.

Sesa Goa Ltd (SGL) established in 1954 exports approximately five million tons of iron

ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and

west coasts of India. Later, company expanded operations by setting up a mini blast furnace and

extending its mining operations to Karnataka. Sesa Kembla Coke Company (SKCC), engaged in

manufacturing metallurgical coke, became a 100 per cent subsidiary of Sesa goa in FY98. During

Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Sesa Goa to achieve an intraday target of Rs 210.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 178.

Shares of the company, on Friday (June 19), closed at Rs 102.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 24.77 and 7.71 respectively. The share price has seen a 52-week high of Rs 374 and a low of Rs 60 on BSE.