BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA Maintains Sell on Vedanta
CLSA has maintained its sell call on Vedanta for target price of Rs 85 per share. CLSA says that balance sheet is stretched but it is not at a big risk. CLSA adds that it is cutting estimates factoring in lower oil prices. CLSA has cut its FY16-17 EPS for Vedanta 5-22 per cent and says after a recent decline Vedanta trades at 0.5x FY1 P/BV.