Today ET came out with a report stating that GOM is meeting next week to lift the export restrictions on Iron Ore this is a very very postive news for Sesa Goa. I expect the stock to be back from where it left i.e 2025 its previous high will be challenged.
Also there is strong possibility that GoM under report from Planning Commission might actively consider to lift the Export Duty of Rs 300 Per Ton Imposed in Feb since Iron Ore Producers Association Strongly represented the case and the Minister for Minerals is backing the same.
This export restriction made Sesa Goa to trade some 200 bucks below its actual tradable price.
So as said before one can go long on Sesa Goa with a target of 1845-2025 by the end of this week.
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