Sell Vedanta, target Rs 256: Pritesh Mehta

Pritesh Mehta of IIFL has a sell call on Vedanta with a target price of Rs 256.

The current market price of Vedanta is Rs 274.25.

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


Pritesh Mehta recommended keeping a stop loss at Rs 281.

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 1,01,944.05 Crore) operating in Mining sector.

The company’s top management includes Mr.Aman Mehta, Mr.Anil Agarwal, Mr.G R Arun Kumar, Mr.K Venkataramanan, Mr.Navin Agarwal, Mr.Ravi Kant, Mr.Tarun Jain, Mr.U K Sinha, Ms.Lalita Gupte, Ms.Priya Agarwal.

The company has S R Batliboi & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 3,717,194,239 shares outstanding.