BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Edelweiss maintains buy on Vedanta
Edelweiss has maintained buy on Vedanta for target price of Rs 309. It says Vedanta pruned gross debt by Rs 6,200 crore in Q1FY18, followed by another Rs 2,500 crore in Q2FY18. At CMP, the stock is trading at 3.9 times FY19 estimated EBITDA, at a discount to global peers, which are trading at 6-7 times.