Motilal Oswal has given a neutral rating to Vedanta with a target price of Rs 148. The share price moved down by 1.13 per cent from its previous close of Rs 137.45. The stock’s last traded price is Rs 135.90.
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 51092.87 Crore) operating in Diversified sector.
For the quarter ended 31-03-2020, the company reported a Consolidated sales of Rs 19513.00 Crore, down 7.64 % from last quarter Sales of Rs 21126.00 Crore and down 15.50 % from last year same quarter Sales of Rs 23092.00 Crore. The Company reported net profit after tax of Rs -12083.00 Crore in latest quarter.
The brokerage values Vedanta on SOTP basis to arrive at a TP of INR 148.
Promoters held 50.1 per cent stake in the company as of June 30, 2020, while FIIs held 15.4 per cent, DIIs 19.1 per cent and public and others 15.4 per cent.