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Vedanta shares fall 3% on weak Q1 results Should you buy or sell?

Following the Q4 results, Kotak Institutional Equities maintained its Sell rating on Vedanta with a target price of Rs 215 (Rs 235 earlier). The company reported a consolidated net profit of Rs 2,640 crore for the quarter ended June, down about 40% from Rs 4,421 crore reported in the same quarter last year.

Anil agarwal ledKotak institutional equities

Vedanta Q1 Results: Net profit plunges 40% to Rs 2,640 crore; revenue down 13%

Vedanta also said that CEO Sunil Duggal will retire from his post in the company with effect from July 31, 2023.

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Vedanta June quarter earnings likely to fall amid weaker commodity prices across segments

Vedanta June quarter earnings likely to fall amid weaker commodity prices across segments
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Substantial progress on technology tie-up, says Akarsh K Hebbar of Vedanta Semiconductors

Says Vedanta Group remains fully committed to building India’s first semiconductor and display fabs unit in Dholera Special Investment Region

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Delhi faces record-breaking floods

Parts of capital submerged as Yamuna overflows; schools, colleges closed

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