Buy Vedanta, target Rs 368: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Vedanta with a target price of Rs 368.

The current market price of Vedanta is Rs 334.45.

Time period given by the analyst is intraday when Vedanta price can reach defined target.

Dharmesh Shah recommended to keep a stop loss at Rs 320.

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 1,24,321.56 Crore) operating in Mining sector.

Vedanta key Products/Revenue Segments include Minerals which contributed Rs 37,344.67 Crore to Sales Value (96.89 per cent of Total Sales), Mining/Minerals which contributed Rs 37344.67 Crore to Sales Value (96.89 per cent of Total Sales), Job Work which contributed Rs 752.65 Crore to Sales Value (1.95 per cent of Total Sales), Export Incentives which contributed Rs 155.14 Crore to Sales Value (0.40 per cent of Total Sales), Other Operating Revenue which contributed Rs 148.89 Crore to Sales Value (0.38 per cent of Total Sales), Sale of services which contributed Rs 92.41 Crore to Sales Value (0.23 per cent of Total Sales), Scrap which contributed Rs 31.58 Crore to Sales Value (0.08 per cent of Total Sales), Slag which contributed Rs 11.96 Crore to Sales Value (0.03 per cent of Total Sales) and Service Charges which contributed Rs 3.12 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Mr.Aman Mehta, Mr.Anil Agarwal, Mr.G R Arun Kumar, Mr.K Venkataramanan, Mr.Navin Agarwal, Mr.Ravi Kant, Mr.Tarun Jain, Ms.Lalita Gupte, Ms.Priya Agarwal.

Company has S R Batliboi & Co. LLP as its auditors.

As on 30-06-2017, the company has a total of 3,717,194,239 shares outstanding.