Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 35499.23 Crore) operating in Diversified sector.
AgenciesPromoters held 50.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 17.9 per cent, DIIs 16.3 per cent and public and others 15.7 per cent.
Motilal Oswal has given a neutral rating to Vedanta with a target price of Rs 104. The share price moved up by 0.84 per cent from its previous close of Rs 94.75. The stock’s last traded price is Rs 95.55.
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 35499.23 Crore) operating in Diversified sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 20804.00 Crore, up 32.62 % from last quarter Sales of Rs 15687.00 Crore and down -4.30 % from last year same quarter Sales of Rs 21739.00 Crore Company reported net profit after tax of Rs 1644.00 Crore in latest quarter.
Investment Rationale Given lack of clarity on distribution of HZL’s dividend and capital allocation concerns, the brokerage raises Holding Company discount for HZL to 30% (from 10%). It values Vedanta on SOTP basis to arrive at TP of INR104. Capital allocation decisions would be watched closely.
Promoter/FII Holdings Promoters held 50.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 17.9 per cent, DIIs 16.3 per cent and public and others 15.7 per cent.
Agencies
