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.
BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares