The court has allowed resumption of iron ore mining in Goa with riders like iron ore mining should not exceed 20 million tonne per annum. The Goa government must consider all leases expired post 2007.
T T Srinivasaraghavan, managing director, Sundaram Finance believes the Supreme Court's decision to lift the Goa mining ban is a move in the right direction as it is one of the core industries that aids growth.
Sundaram Fin stock price
On April 22, 2014, at 11:14 hrs Sundaram Finance was quoting at Rs 730.00, up Rs 7.40, or 1.02 percent. The 52-week high of the share was Rs 734.95 and the 52-week low was Rs 463.10.
The company's trailing 12-month (TTM) EPS was at Rs 38.92 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 18.76. The latest book value of the company is Rs 187.82 per share. At current value, the price-to-book value of the company is 3.89.
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