The company announced the results after trading hours yesterday, 22 July 2008.

Meanwhile, the BSE Sensex was up 580.12 points, or 4.11%, to 14,684.32. The market spurted today, 23 July 2008, after the Congress-led United Progressive Alliance (UPA) government late on Tuesday, 22 July 2008, retained power by winning trust vote in parliament, ending political uncertainty. A further fall in oil prices and firm global markets also boosted sentiments.

On BSE, 57,710 shares were traded in the counter. The scrip had an average daily volume of 1.97 lakh shares in the past one quarter.

The stock hit a high of Rs 3145 and a low of Rs 2961.55 so far during the day. The stock had a 52-week high of Rs 4390 on 5 May 2008 and a 52-week low of Rs 1686.10 on 17 August 2007.

The mid-cap company had underperformed the market over the past one month till 22 July 2008, declining 14.72% compared to the Sensex’s decline of 4.95%. It had outperformed the market in the past one quarter, declining 14.10% compared to Sensex’s decline of 17.48%.

The company has an equity capital of Rs 39.36 crore. Face value per share is Rs 10.

The current price of Rs 3094 discounts its Q4 March 2008 annualised EPS of Rs 811.28, by a PE multiple of 3.81.

On consolidated basis, Sesa Goa’s net profit rose 382.05% to Rs 633.07 crore on 153.86% increase in total income to Rs 1341.16 crore in Q1 June 2008 over Q1 June 2007.

On 3 July 2008, the company announced 18 August 2008 as the record date for a 10-for-1 stock split and liberal bonus issue in the ratio of 1:1.

Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.