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The FTSE 100 closed down 0.8% Monday as investors showed caution before the Bank of England and the U.S. Federal reserve issue rate decisions later in the week. Risk appetite evaporated as...
Commodity rally, cheaper valuation to support Vedanta stock in medium term Analysts expect the company’s operating profit before depreciation and amortisation (EBITDA) to increase by 12% to Rs 31,500 crore next fiscal year. Synopsis The stock still trades below the five-year average valuation multiple despite a 25% rise over the past month. ET Intelligence Group: Buoyant commodity prices are helping the stock of Vedanta to show resilience amid the current volatility in the broader market. The mining conglomerate is the only listed Indian company that offers exposure to several commodities a...