Meanwhile, the BSE Sensex was down 318.34 points, or 3.13%, to 9,851.56.

On BSE, 12.28 lakh shares were traded in the counter. The stock had an average daily volume of 26.61 lakh shares in the past one quarter.

The stock hit a high of Rs 81 and a low of Rs 74.80 so far during the day. The stock has a 52-week high of Rs 219.50 on 5 May 2008 and a 52-week low of Rs 73.05 on 16 October 2008.

The stock declined 3.47% to Rs 82.15 on 22 October 207, from a recent high of Rs 85.10 on 21 October 2008, ahead of the results. The stock surged 5.85% to Rs 85.10 on 21 October 2008.

The mid-cap stock had underperformed the market over the past one month till 22 October 2008, declining 33.43% as compared to the Sensex’s decline of 27.33%. It had also underperformed the market in the past one quarter, declining 42.92% as compared to the Sensex’s decline of 27.89%.

The company’s current equity is Rs 78.72 crore. Face value per share is Rs 1.

Sesa Goa’s net profit surged 272.63% to Rs 306.08 crore on 151.07% increase in total income to Rs 876.76 crore in Q2 September 2008 over Q2 September 2007. The company announced the results after trading hours on Wednesday, 22 October 2008.

Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.