Buy Vedanta, target Rs 248: Rahul Sharma

Rahul Sharma of Equity99 has a buy call on Vedanta with a target price of Rs 248.

The current market price of Vedanta is Rs 242.50.

Time period given by the analyst is Intra Day when Vedanta price can reach the defined target.


Rahul Sharma recommended keeping a stop loss at Rs 236.

"After short consolidation between 215-235, the stock has given fresh upward break out on daily chart which is bullish sign. We recommend buying it around 241-240 with the stop loss of Rs 236 for the target of Rs 248," Sharma said.

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 89,788.88 crore) operating in Mining sector.