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Metal major Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23. ....
Vedanta stock price target: Nuvama said Vedanta’s debt peaked out in FY24. It revised upward its target price on the scrip to Rs 542 from Rs 394 earlier. The brokerage retained its ‘Buy' on the stock.
Given reasonable valuations and the improvement in end-market demand outlook at Novelis, the new fair value for the stock has been determined at Rs 675, a 26.2% increase from earlier Rs 535. ....
Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today. ....