hi raj,
do you track this stock? I was planning to pick up some shares,post results. But now some news of fraud in the accounts. Any predictions or advice??
That news was quite old when Sesa Goa was at 290 level. I had sold 100 at 288. Do you know what happened then. Immediately within 3 trading sessions, Sesa Goa touched 360- unbelievable price. So such news can not be relied upon.But the recent quarterly result is not good. Hence I do not see much upside. I am waiting to catch it below 300.
The Ministry of Corporate Affairs (MCA) has ordered a probe into Sesa Goa under Section 235 of the Companies Act. The Serious Fraud Investigation Office (SFIO) is to submit the report within six months.
The probe was ordered on suspicion of fund diversion and under/over invoicing by Sesa Goa.
Yes, it is fine. But the fact that a probe has been ordered necessarily does not mean culpability of Sesa Goa. Besides, 6 months is too long a period for public memory.
Can you please recommend some specific stock to buy? Whether we should wait for correction to stop or we should enter on any decline. By the way since last week we are seeing continous decline.
Don`t you think we should exit now and pick up when market start picking?
| NIFTY 
