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ICICI Securities cut Vedanta’s target price to Rs 345 from Rs 369, while retaining a positive view on zinc and silver prices. Zinc India remains the key growth driver, contributing 95% of Vedanta’s EBITDA.
Zinc India to remain at the driver seat for Vedanta, says ICICI Securities but cuts target price to Rs 345
Impact Score
Market Sentiment
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ICICI Securities cut Vedanta’s target price to Rs 345 from Rs 369, while retaining a positive view on zinc and silver prices. Zinc India remains the key growth driver, contributing 95% of Vedanta’s EBITDA.
Key Highlights
ICICI Securities cut Vedanta’s target price to Rs 345 from Rs 369, while retaining a positive view on zinc and silver prices.
Zinc India remains the key growth driver, contributing 95% of Vedanta’s EBITDA..
Source
Economic Times
Published
3h ago
Impact Score
70 / 100
Category
Indian Markets
Moderate near-term volatility expected while markets assess implications for Indian Markets.
What this means
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