Hold Vedanta Ltd; target of Rs 285: ICICI Direct

ICICI Direct has recommended hold rating on Vedanta Ltd with a target price of Rs 285 in its research report dated July 26, 2017.

July 27, 2017 / 13:27 IST

26 Aug, 2025 12:21

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ICICI Direct’s research report on Vedanta Ltd

Vedanta reported a subdued set of Q1FY18 numbers wherein EBITDA and PAT were below our estimates Gross income from operations were at | 19342 crore. After adjusting for excise duty, net operating income was at | 18285 crore (up 26.7% YoY, down 18.8% QoQ , our estimate:| 18648crore).

Outlook

We value the company using SOTP valuation and arrive at a target price of | 285. We have a HOLD recommendation on the stock.

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first published: Jul 27, 2017 01:27 pm

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