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Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?

Vedanta's net profit surged 72% year-on-year to Rs 5,473 crore. EBITDA also jumped 98% to a record Rs 8,469 crore. The company announced Arun Misra as its new CEO, effective August first. Nuvama maintained a buy rating with a target price of Rs 333. Motilal Oswal maintained its Neutral rating on Vedanta shares with a target price of Rs 290 apiece, implying 8% upside potential.

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Economic TimesLean R·2h ago
Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?
Vedanta's net profit surged 72% year-on-year to Rs 5,473 crore. EBITDA also jumped 98% to a record Rs 8,469 crore. The company announced Arun Misra as its new CEO, effective August first. Nuvama maintained a buy rating with a target price of Rs 333. Motilal Oswal maintained its Neutral rating on Vedanta shares with a target price of Rs 290 apiece, implying 8% upside potential.
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Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?

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Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?

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