13:26 (IST) 26 Apr 2024Share market today live updates | Motilal Oswal On VedantaAccording to a recent report by Motilal Oswal, Vedanta’s performance in the fourth quarter of FY24 was largely in line with expectations across its segments.
The decision to extend the maturity of bonds at HoldCo.
by three years is seen as providing the company with adequate liquidity comfort in the short term.
Furthermore, the progress of the company’s Capex plans is on track, which is expected to result in further cost savings.
As a result of these developments, Motilal Oswal has marginally increased its target price for Vedanta to Rs 360, while maintaining a ‘neutral’ rating.
13:26 (IST) 26 Apr 2024
Share market today live updates | Motilal Oswal On Vedanta
According to a recent report by Motilal Oswal, Vedanta’s performance in the fourth quarter of FY24 was largely in line with expectations across its segments. The decision to extend the maturity of bonds at HoldCo. by three years is seen as providing the company with adequate liquidity comfort in the short term.
Furthermore, the progress of the company’s Capex plans is on track, which is expected to result in further cost savings. As a result of these developments, Motilal Oswal has marginally increased its target price for Vedanta to Rs 360, while maintaining a ‘neutral’ rating.
