Sirjii, Anant bhai, Seniors and friends...
Both Sirjii's and Anant's bhai's Triggers have given a BUY signal on SesaGoa... Which an approximate target of 450/-.
This is the news i found yesterday.......
"The government has reintroduced a 5% export tax on iron ore fines, and has raised the duty on iron ore lumps to 10% from 5%. Last year, the government had withdrawn the duties on iron ore fines on account of the sharp dip in
iron ore prices; however, it had retained a 5% levy on lumps."
Doesn't it mean that Sesa Goa should be sold at this point as the increase in the export tax on Iron Ores degrade the stock value?
All answers will be appreciated...
Thanks