Buy Vedanta Ltd, target Rs 202: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Vedanta Ltd. with a target price of Rs 202. The current market price of Vedanta Ltd. is Rs 193. Time period given by the analyst is Intra Day when Vedanta Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 190. Vedanta Ltd., incorporated in 1965, is a largecap company with a market cap of Rs 71741.90 crore.

Vedanta Ltd. key Products/Revenue Segments include Mining/Minerals which contributed Rs 44736.00 Crore to Sales Value (97.30 % of Total Sales), Job Work which contributed Rs 689.00 Crore to Sales Value (1.49 % of Total Sales), Export Incentives which contributed Rs 263.00 Crore to Sales Value (0.57 % of Total Sales), Other Operating Revenue which contributed Rs 115.00 Crore to Sales Value (0.25 % of Total Sales), Scrap which contributed Rs 100.00 Crore to Sales Value (0.21 % of Total Sales) and Sale of services which contributed Rs 71.00 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 22705.00 Crore, up 2.25 % from last quarter Sales of Rs 22206.00 Crore and up 5.16 % from last year same quarter Sales of Rs 21590.00 Crore Company has reported net profit after tax of Rs 1900.00 Crore in latest quarter. The company’s top management includes Mr.Aman Mehta, Mr.G R Arun Kumar, Mr.K Venkataramanan, Mr.Navin Agarwal, Mr.Ravi Kant, Mr.Tarun Jain, Mr.U K Sinha, Ms.Lalita D Gupte, Ms.Priya Agarwal. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 3,717,196,639 shares outstanding.