INSUBCONTINENT EXCLUSIVE:
Arun Kumar of Reliance Securities has a buy call on Vedanta Ltd
with a target price of Rs 180
The current price of Vedanta Ltd
Arun Kumar recommended to keep a stop loss at Rs 155
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 59270.70 Crore) operating in Diversified
key Products/Revenue Segments include Aluminium which contributed Rs 21000 Crore to Sales Value (54.34 % of Total Sales), Oil - Gas which
contributed Rs 7104 Crore to Sales Value (18.38 % of Total Sales), Copper which contributed Rs 6833 Crore to Sales Value (17.68 % of Total
Sales), Iron Ore which contributed Rs 2909 Crore to Sales Value (7.52 % of Total Sales), Export Incentives which contributed Rs 322 Crore to
Sales Value (0.83 % of Total Sales), Power which contributed Rs 252 Crore to Sales Value (0.65 % of Total Sales), Other Operating Revenue
which contributed Rs 137 Crore to Sales Value (0.35 % of Total Sales), Scrap which contributed Rs 87 Crore to Sales Value (0.22 % of Total
Sales) for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 21739 Crore, up 2.70 % from last quarter sales of Rs
21167 Crore and down 4.25 % from last year same quarter sales of Rs 22705 Crore
Company has reported net profit after tax of Rs 2731 Crore in latest quarter