BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA upgrades Vedanta to buy
CLSA upgraded Vedanta to "buy" from "sell" earlier with a target price of Rs 150. Upgrade EBITDA estimates for FY2017-18 by 5-7 per cent. Upgrades earnings per share estimates by 54-62 per cent in FY 2017-18. Return on equity may rise to 12 per cent from 4 per cent. Current valuations are attractive.