Stocks to buy for long term: Vedanta Iron and Steel, Vedanta Oil and Gas or Vedanta Power: Which is better? Target, SL
Vedanta is in focus.
· LiveMint Markets
Stocks to buy for long term: Experts believe all these three Vedanta Group stocks are better suited to your portfolio from the fundamental perspective, as they are portfolio…
The analysis
Against that, the stock is -2.8% on the day at ₹254.15, and has returned -5.8% over three months. It sits 68% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -13.4% over the same period, so Vedanta is running 7.6 points ahead of its peers.
For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is VEDL.
- Sector exposure: Power.
In this story
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