Last Updated : Feb 15, 2018 02:10 AM IST | Source:

Buy Vedanta; target of Rs 416: Motilal Oswal

Motilal Oswal is bullish on Vedanta has recommended buy rating on the stock with a target price of Rs 416 in its research report dated January 31, 2018.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on Vedanta

Vedanta’s 3QFY18 EBITDA increased on expected lines by 13% QoQ to INR67.6b, driven by higher zinc and oil prices, volume ramp-up at aluminum smelters, and improved plant availability at TSPL. Finance cost declined 5% QoQ to INR13b. Other income was impacted by hardening of yields. Tax rates were on higher side. Adjusted PAT increased 16% QoQ to INR22b, lower than our estimate.


Buoyancy in oil prices is upside risk, while lower TcRc and cost pressure in aluminum pose downside risk to estimates. We raise our target price to INR416 (prior: 387) as we roll over to FY19E SOTP.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Jan 31, 2018 03:40 pm
Follow us on
Available On