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.

The share price has seen a 52-week high of Rs 360 and a low of Rs 60 on BSE.

Senior Supreme Court judge Justice S H Kapadia rejected himself from listening an issue relating to public offer made by Vedanta Resources to acquire extra equity stake in mining company Sesa Goa as he finds to be investor of a sister company.

Justice Kapadia owns shares of Sterlite Ind, which is Vedanta Resources's sister concern.

Kapadia has been in the midst of the debate for being a part of the Special Forest Bench that previously learned an appeal disputing mining in hills in Orissa by Sterlite Ind via he had disclosed in the starting that he was a stockholder of the Vedanta.

Sesa Goa Ltd earnings were adversely affected due to weak sales realizations as company's profits in the second quarter fell 50 per cent over the same period of 2008.

Sesa Goa's consolidated income and net profit during the second quarter stood at Rs 538.72 crore and Rs 169.44 crore respectively.

During the said quarter and H1, the company's iron ore sales were 1.619 million tonnes and 6.354 million tonnes.

The company's income from sales slumped to Rs 538.72 crore in the second quarter.

The company's net profit fell 50% in the quarter as compared to Rs 339.80 in 2008 to Rs 169.44 in 2009.

The company's success during the second quarter was severely impacted owing to worse sales realizations of pig iron and metallurgical coke, which was partly off-set by poorer input costs.