Motilal Oswal: Vedanta’s Capital Allocation Holds Key  
The logo of Vedanta Resources Plc sits on a newly molded aluminum ingot. (Photographer: Oliver Bunic/Bloomberg)

Motilal Oswal: Vedanta’s Capital Allocation Holds Key  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Motilal Oswal Vedanta Q2FY21 Result Update.pdf

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