With commodity prices stable , the market is trying to find a fair price forVedanta Ltd (NS:Vedanta). The stock is down from 315 odd highs in 2014 and hit a low of around 58 in 2016 , in consonance with fall from grace of metals and oil. Vedanta India is unique, with stakes in Hindustan Zinc (NS:HZNC) & Cairn India (NS:CAIL). It is the only company on the Indian bourses with exposures to Oil, Copper ( smelters + Mines) , Aluminium , Lead , Gold , Iron Ore.
Obvious there is debt , but the company has low costs of production with a penchant of agrressive management .
Those aside . Price Talks.
The image is self explanatory , but with a nice round bottom ,CMP at 91 , a stop at 78 , A 2 to 3 month target can be set at 120 levels . Leverage here , its seems a good bet fitting in with the liquid markets both offshore and onshore.