Top 3 buy or sell stocks: Vedanta, DLF, Aegis Logistics by Vaishali Parekh | Target, stoploss, Nifty, Bank Nifty outlook
Vedanta is in focus.
· LiveMint Markets
Stock market prediction: Vaishali Parekh believes to improve the bias, the Nifty 50 index would need a decisive breach above the 23,100 zone to establish conviction and…
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 infrastructure sector has moved -12.9% over the same period, so Vedanta is running 7.1 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 infrastructure peer set alongside it.
Market context
- The company directly in focus is VEDL.
- Sector exposure: Infrastructure.
In this story
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