Neutral on Vedanta, target price Rs 182: Motilal Oswal

Motilal Oswal has neutral call on Vedanta with a target price of Rs 182. The current market price of Vedanta Ltd. is Rs 172.
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 62486.08 Crore) operating in Diversified sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 22498.00 Crore, up 8.14 % from last quarter Sales of Rs 20804.00 Crore and up 6.49 % from last year same quarter Sales of Rs 21126.00 Crore Company reported net profit after tax of Rs 4224.00 Crore in latest quarter.


Investment Rationale
Given the promoter’s intent to increase the stake and loans given to the parent by VEDL, the brokerage believes the stock price would be driven by corporate actions rather than earnings outlook

Promoter/FII Holdings
Promoters held 55.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.4 per cent, DIIs 13.2 per cent and public and others 15.3 per cent.