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    HomeNewsBusinessStocksHold Vedanta Ltd; target of Rs 325: ICICI Direct

    Hold Vedanta Ltd; target of Rs 325: ICICI Direct

    ICICI Direct has recommended hold rating on Vedanta Ltd with a target price of Rs 325 in its research report dated 04 September 2017.

    September 07, 2017 / 15:42 IST
       
       
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      ICICI Direct's research report onVedanta Ltd

      Vedanta organised its Zinc Day in Udaipur wherein the y outlined the current business prospects, the ongoing expansion and the medium term outlook on growth. The company’s expansion of zinc mines at both the Indian operations [ Hindustan Zinc ( HZL )] and Zinc International (ZI)  operations will be a key growth driver, going forward.

      Outlook

      We value the company using SOTP valuation and arrive at a target price of Rs 325. We have a HOLD recommendat ion on the stock.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Sep 7, 2017 03:42 pm

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