Vedanta shares slide 8% after Q3 results. Should you buy, sell or hold?
[hfe_template id='11223']
[ad_1]
Shares of the oil-to-metals conglomerate Vedanta Ltd fell as much as 8.3% to Rs 702.40 on the BSE on Friday after the company reported its December-quarter results. While the numbers reflected a sharp recovery in profitability and operating metrics, brokerage commentary turned cautious on valuation, highlighting the uneasy balance between the company’s record-breaking quarterly performance and limited near-term upside for the stock. Motilal Oswal maintained a 'Neutral' rating on the stock, with a target price of Rs 810, implying an upside of about 6% from its current market price. The brokerage said Vedanta’s earnings were broadly in line with expectations, aided by favourable prices, improved volumes and lower costs, but noted that much of the near-term optimism is already reflected in the stock. “VEDL’s 3QFY26 operational performance came largely as expected, supported by better volumes and favorable LME prices,” Motilal Oswal s...