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.
is Rs 158.8.
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 sector.
Vedanta Ltd.
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.