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Vedanta may have a couple more tranches of promoter-driven selling; stock likely to bounce back in 1-2 weeks: Ambareesh Baliga

Vedanta shares saw a significant drop following a large block deal, but analysts suggest the selloff is temporary. Promoter entity Twin Star Holdings is reportedly behind the sale, aiming to reduce debt. Experts believe the stock could rebound soon, with the company's operational fundamentals remaining strong. Beyond Vedanta, market strategist Ambareesh Baliga also shared insights on defence, textiles, and the auto sector.

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Economic TimesLean R·3h ago
Vedanta may have a couple more tranches of promoter-driven selling; stock likely to bounce back in 1-2 weeks: Ambareesh Baliga
Vedanta shares saw a significant drop following a large block deal, but analysts suggest the selloff is temporary. Promoter entity Twin Star Holdings is reportedly behind the sale, aiming to reduce debt. Experts believe the stock could rebound soon, with the company's operational fundamentals remaining strong. Beyond Vedanta, market strategist Ambareesh Baliga also shared insights on defence, textiles, and the auto sector.
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Vedanta may have a couple more tranches of promoter-driven selling; stock likely to bounce back in 1-2 weeks: Ambareesh Baliga

How 1 sources are covering this

Vedanta may have a couple more tranches of promoter-driven selling; stock likely to bounce back in 1-2 weeks: Ambareesh Baliga

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