Buy Vedanta, target price Rs 330: Chandan Taparia
Time period given by analyst is Intra Day when Vedanta Ltd. price can reach defined target.
By ETMarkets.com | Updated:
Agencies
Chandan Taparia of Motilal Oswal Securities has buy call on Vedanta with a target price of Rs 330. The current market price of Vedanta Ltd. is Rs 314.1.
Time period given by analyst is Intra Day when Vedanta Ltd. price can reach defined target.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 29151.00 Crore, up .30 % from last quarter Total Income of Rs 29065.00 Crore and up 71.50 % from last year same quarter Total Income of Rs 16998.00 Crore. Company reported net profit after tax of Rs 5282.00 Crore in latest quarter.
Investment Rationale
Stock is set to come out of its consolidation on daily frame and weekly chart looks attractive.
Promoter/FII Holdings
Promoters held 65.2 per cent stake in the company as of June 30, 2021, while FIIs held 10.6 per cent, DIIs 10.6 per cent and public and others 13.6 per cent.
Time period given by analyst is Intra Day when Vedanta Ltd. price can reach defined target.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 29151.00 Crore, up .30 % from last quarter Total Income of Rs 29065.00 Crore and up 71.50 % from last year same quarter Total Income of Rs 16998.00 Crore. Company reported net profit after tax of Rs 5282.00 Crore in latest quarter.
Investment Rationale
Stock is set to come out of its consolidation on daily frame and weekly chart looks attractive.
Promoter/FII Holdings
Promoters held 65.2 per cent stake in the company as of June 30, 2021, while FIIs held 10.6 per cent, DIIs 10.6 per cent and public and others 13.6 per cent.
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