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Vedanta: Delisting could support the stock price

October 10, 2020 / 11:04 AM IST
Vedanta: Delisting could support the stock price

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Nandish Shah and Jitendra Kumar Gupta Moneycontrol Research Highlights - Lower commodity prices drag profitability in March quarter - Oil and international zinc business eroded profitability - Aluminium--led by supportive pricing and lower cost-- supported profitability - Earnings could remain subdued in fiscal 2021 - The delisting bid could support the stock price near its fair value Reported book value loses its relevance as a valuation tool if a company has sizeable intangible assets such as goodwill. Companies often employ this route to shore up their net worth...

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