Motilal Oswal: Vedanta’s Capital Allocation Holds Key
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Motilal Oswal Report
Vedanta Ltd. reported better-than-expected Q2 FY21 result with Ebitda up 48% YoY to Rs 65.3 billion, the highest in 10 quarters.
With London Metal Exchange prices expected to stay strong, the near-term earnings outlook is even better.
Investor concerns on capital allocation; however, are expected to override the strong earnings outlook, leading to muted stock price performance.
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