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Published 1 month ago

Vedanta Stock Has 15% Upside Potential, Says CLSA

Summary by NDTV Profit

Vedanta Ltd. is well-placed to benefit from the commodity upcycle due to its diversified exposure, while the margin expansion and capital expenditure will drive earnings, according to CLSA. The research firm upgraded the mining company to 'buy' from 'underperform' and raised the target price to Rs 390 apiece from Rs 260, implying a potential upside of 15.32% from the previous close.With 38% of its Ebitda sourced from aluminum, 41% from zinc and …

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Vedanta Stock Has 15% Upside Potential, Says CLSA

Vedanta Ltd. is well-placed to benefit from the commodity upcycle due to its diversified exposure, while the margin expansion and capital expenditure will drive earnings, according to CLSA. The research firm upgraded the mining company to 'buy' from 'underperform' and raised the target price to Rs 390 apiece from Rs 260, implying a potential upside of 15.32% from the previous close.With 38% of its Ebitda sourced from aluminum, 41% from zinc and …

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