Vedanta shares in focus after winning bid for diamond block in Madhya Pradesh

February 24, 2025

Vedanta shares will be attention-grabbing after securing the highest bid for Madhya Pradesh’s Kauhari Diamond Block, spanning 643.42 hectares. Vedanta’s Q3 consolidated net profit surged 76% YoY to Rs 3547 crore, with a 10% rise in revenue. Analysts recommend buying with a target price of Rs 513, indicating a 17% upside from current levels.

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