Sesa Goa offers better opportunity than Resurgere Mines
Published on Monday, September 1st, 2008 at 4:26 AMAuthor: admin (5507 Articles)
CNBC-TV18s Managing Editor, Udayan Mukherjee : Timing is wrong for Resurgere Mines and Minerals, they should have come up with issue in last year. Now given commodities melt down, there will not be great appetite for such stocks.
The stock will see lukewarm response. At issue price of Rs 270, it is available at 6 times for FY09 earnings. It is not comparable stock with Sesa Goa and Gujarat NRE Coke. Sesa Goa offers better opportunity than Resurgere Mines.
Source : MoneyControl
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