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.

Mr. Gujral also said that if the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 220.

Sesa Goa, on June 19, has decided to export five lakh ton of iron ore fines from Goa this monsoon.

This is the first time any mining company will be trying to export iron ore fines from Goa between June and September.

Sesa Goa is looking to lift around Rs 5.83 billion via issue of shares to the firm`s promoters and its associates.

Sesa Goa would seek stock holders nod for the plan at its EGM scheduled to be held on July 9.

The company said it would issue more than 33 million company’s shares to promoters and its associates. The price of issue would be calculated on the basis of closing price as on June 9.

Based on the closing price of Rs 175.20 on June 9, these shares would be worth Rs 5.83 billion.

On June 12, Sesa Goa, a part of Vedanta Resources, purchased Goa-based Dempo Group`s mining assets for Rs 17.50 billion in an all cash deal to further consolidate its position in the domestic industry.

Sesa Goa has iron ore mines in Goa, Karnataka and Orissa.