Following the Q4 results, Kotak Institutional Equities maintained its ‘Sell’ rating on Vedanta with a target price of Rs 215 (Rs 235 earlier). The company reported a consolidated net profit of Rs 2,640 crore for the quarter ended June, down about 40% from Rs 4,421 crore reported in the same quarter last year.
ETMarkets Smart Talk | Indian markets offer attractive risk-reward for 9-12% returns: Amit Ganatra of Invesco Mutual Fund
Assuming that market returns in the long run track earnings growth, Indian markets offer an attractive risk-reward if return expectations are 9-12%.