Neutral on Vedanta, target price Rs 250: Motilal Oswal Financial Services

Vedanta Ltd. key Products/Revenue Segments include Aluminium, Copper Cathodes, Oils, Pig iron, Iron Ore, Others, Power, Other Operating Revenue, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Oct 03, 2023, 09.22 AM IST

Promoters held 68.11 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.48 per cent, DIIs 9.98 per cent.

Motilal Oswal Financial Services has neutral call on Vedanta Ltd. with a target price of Rs 250. The current market price of Vedanta Ltd. is Rs 226.95.

Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 82726.42 Crore) operating in Diversified sector.

Vedanta Ltd. key Products/Revenue Segments include Aluminium, Copper Cathodes, Oils, Pig iron, Iron Ore, Others, Power, Other Operating Revenue, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 34279.00 Crore, down -11.27 % from last quarter Total Income of Rs 38635.00 Crore and down -12.90 % from last year same quarter Total Income of Rs 39355.00 Crore. Company reported net profit after tax of Rs 3308.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 68.11 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.48 per cent, DIIs 9.98 per cent.

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