Vedanta stock hits new highs!  What investors to do, know expert opinion

Vedanta stock hits new highs! What investors to do, know expert opinion

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Vedanta Share Price News: Mining sector giant Vedanta Limited’s stock was seen trading at Rs 404.40 with a marginal 1 per cent jump on Tuesday. It has reached a new all-time high. This stock has seen many ups and downs in the last 6 months.

In March 2021, the price of Vendata’s shares was around Rs 223. And a year ago, on April 3, 2020, this stock had come down to a low of Rs 62. And since then it has jumped by more than 550 per cent. Even since the beginning of the year 2022, its shares have lost more than 13 per cent.

buying advice
According to Money Control, in the analyst meeting, the company’s management explained its plan to reduce debt at the level of the parent company and said that they should see strong demand for metals and minerals in future given the spurt in demand for electric vehicles and renewable energy. expected to stay. Many analysts have also expressed hope for a further jump in Vedanta’s shares and have advised them to buy.

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Systematics Institutional Equities has given ‘BUY’ rating to Vedanta and is advised to buy with a target price of Rs 567. Vedant is the third most profitable company after Tata Steel in the list of manufacturing companies in the country. According to Systematics Institutional Equities, investors should stick to Vedanta’s stock.

IIFL Securities has also given Buy advice on the shares of Vedanta Limited. The target price has been given as Rs 424.

Fundamental Analyst of Motilal Oswal has given a target price of Rs 459 to the shares of Vedanta Limited with ‘Neutral’ rating. The brokerage said that the stock has already given returns of more than 80 per cent in the last one year and as such, it is not expected to see much jump in the near-term.

Tags: investment tips, Share market, stock market

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