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Sesa Goa (SESA.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
As the regulators and judiciary have become more vigilant on curbing illegal mining and controlling environmental
degradation causd by the mining industry in Karnataka, even established mining companies like Sesa may face increased
pressure on their mining operations in the region. This may result in some sentimental impact on the stock in the near term
even if Sesa's Karnataka operations are small. We are currently forecasting a 4% YoY sales volume increase for Sesa
Goa in F2012 while the company is guiding for 15-20%.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Sesa Goa (SESA.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
As the regulators and judiciary have become more vigilant on curbing illegal mining and controlling environmental
degradation causd by the mining industry in Karnataka, even established mining companies like Sesa may face increased
pressure on their mining operations in the region. This may result in some sentimental impact on the stock in the near term
even if Sesa's Karnataka operations are small. We are currently forecasting a 4% YoY sales volume increase for Sesa
Goa in F2012 while the company is guiding for 15-20%.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
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