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Buy Vedanta, target Rs 153: Shrikant Chouhan

Buy Vedanta Ltd. at a price target of Rs 153.0 and a stoploss at Rs 144 from entry point.

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Last Updated: Oct 14, 2019, 09.19 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Vedanta Ltd. with a target price of Rs 153. The current market price of Vedanta Ltd. is Rs 146.95. Time period given by the analyst is Intra Day when Vedanta Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at Rs 144. Vedanta Ltd., incorporated in 1965, has a market cap of Rs 54624.20 crore.

Vedanta Ltd. key Products/Revenue Segments include Aluminium which contributed Rs 21000.00 Crore to Sales Value (54.34 % of Total Sales), Oil & Gas which contributed Rs 7104.00 Crore to Sales Value (18.38 % of Total Sales), Copper which contributed Rs 6833.00 Crore to Sales Value (17.68 % of Total Sales), Iron Ore which contributed Rs 2909.00 Crore to Sales Value (7.52 % of Total Sales), Export Incentives which contributed Rs 322.00 Crore to Sales Value (0.83 % of Total Sales), Power which contributed Rs 252.00 Crore to Sales Value (0.65 % of Total Sales), Other Operating Revenue which contributed Rs 137.00 Crore to Sales Value (0.35 % of Total Sales), Scrap which contributed Rs 87.00 Crore to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 21167.00 Crore, down -8.34 % from last quarter Sales of Rs 23092.00 Crore and down -3.53 % from last year same quarter Sales of Rs 21942.00 Crore Company has reported net profit after tax of Rs 1944.00 Crore in latest quarter. The company’s top management includes Mr.Aman Mehta, Mr.G R Arun Kumar, Mr.K Venkataramanan, Mr.Mahendra Kumar Sharma, Mr.Navin Agarwal, Mr.Ravi Kant, Mr.Srinivasan Venkatakrishnan, Mr.Tarun Jain, Mr.U K Sinha, Ms.Lalita D Gupte, Ms.Priya Agarwal. Company has S R Batliboi & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 3,717,196,639 shares outstanding.

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