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Vedanta

Discussion in 'Chart of the Week' started by rahul_kumar, May 12, 2017.

  1. rahul_kumar

    rahul_kumar Member

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    Expecting good profit from Vedanta. Also LIC has increased holding in Vedanta. One can buy for short term with target price of 252 to 253. Please maintain SL of 232.

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  2. shabbir

    shabbir Administrator Staff Member

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    I don't like loss making companies and Vedanta has shown loss in March 2015 and 2016. Also debt is very high and so definitely not an investment play. Technicals look awesome though