Vedanta's risk-reward more favourable now: Why it is stock pick of the week

Vedanta has reported another quarter of stellar numbers. Thanks to the jump in aluminium prices, this division was able to report an Ebitda of $1,100 per tonne with 16% q-o-q jump, despite the input cost pressures. While the LME (London Metal Exchange) aluminium prices jumped 10% q-o-q, the cost of production moved up only 8% q-o-q. Other business divisions like zinc and oil & gas also reported good numbers in the second quarter with q-o-q