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Buy Vedanta, target Rs 189: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Vedanta L..

Independent analyst Kunal Bothra has a buy call on Vedanta Ltd. with a target price of Rs 189. The current market price of Vedanta Ltd. is Rs 177.85. Time period given by the analyst is Intra Day when Vedanta Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 170. Vedanta Ltd., incorporated in 1965, has a market cap of Rs 66110.34 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 31-03-2019, the company has reported a Consolidated sales of Rs 23092.00 Crore, down -2.44 % from last quarter Sales of Rs 23669.00 Crore and down -16.42 % from last year same quarter Sales of Rs 27Read More – Source
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