Vedanta stock price: At the Rs 233-odd level, the stock is trading at FY25E EV/Ebitda of 6.3 times and FY25E P/BV multiple of 3.2 times. The scrip is down 26.34 per cent year-to-date.
Hindustan Zinc: Motilal Oswal Securities said Hindustan Zinc shares are currently trading at a rich valuation of 6.7 times FY25 EV/Ebidta and 5.6 times FY25 P/B. This brokerage retained its FY24 and FY25 estimates
Vedanta said total saleable steel production increased 17 per cent YoY to 378 kt in the September quarter on improved operational efficiency and higher production capacity post debottlenecking carried out in FY23.
Vedanta demerger: The move will have a positive long-term impact, as it will give the group flexibility and unlock value for investors, giving them the choice of commodity they want to invest in.
The 5 new companies will be named Vedanta Aluminum, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials and Vedanta Base Metals. Vedanta will act as an incubator for Vedanta Group, while also functioning as the holding company for Hindustan Zinc.