We enhance our Ebitda estimate by 28%/15% for FY2022/23e on greater commodity costs and FV to Rs 270 (from Rs 180). REDUCE. VEDL’s Q4FY21 EBITDA recovered strongly (+99% y-o-y, +17% q-o-q) led by greater commodity costs and managed prices. Zinc and aluminum, which type ~70% of consolidated earnings, are each benefiting from sturdy costs and
Vedanta
Headline indices have been on a gaining spree for consecutive sessions. Image: Reuters Nifty futures were trading flat with a negative bias at 14,656.50 on Singaporean Exchange, hinting a flat start for BSE Sensex and Nifty 50 on Wednesday. Headline indices have been on a gaining spree for consecutive sessions. The next resistance of Nifty
Asian stock markets were seen trading weak, taking cues from an overnight drop on Wall Street. SGX Nifty hints at a negative opening for domestic equity benchmarks BSE Sensex and Nifty 50 on Friday. In the previous session, the 30-share index ended 374 points higher at 48,080 while the broader Nifty 50 index ended at