Vedanta - Our Target of 333 is Seen Realistic Now

By Research Desk
about 3 years ago

On a lighter note, informed circles are expecting stock price to move to around 333, in the next 3 months, 3 weeks and 3 days.:)

We carried an item here on 28th May, 2021, indicating a target price of Rs. 333, of Vedanta Ltd, when it was ruling at Rs. 268. This target date falls due on 23rd September, while we stick to the target of Rs. 333. However, barring 51% of the members here, who had faith and belief on this target, other 49% definitely found it ambitious, unrealistic and kite flying.

Media and Hourly Experts, as usual, seeing stock falling to Rs.265 on 27th and 28th July, gave sell call on the stock. But stock having moved to Rs.306, with closing seen at Rs. 302, on Friday 30th July, they turned positive, with buy call on the stock. Media and Hourly experts, shamelessly seen doing this with all the stocks, with no remorse, while their calls are causing huge losses to the small investors only (because Big Fish are not listening to them, but using them to their advantage).

We gave buy call on the stock, on 27th July at Rs. 288, after seeing robust Q1 numbers, released by the company on 26th July at 3.22 pm, while held on to our positive view, in our answered queries, even seeing fall in the share price.

We do not know when the retail investors will grow, and realise and understand the motive and capacity of media and experts giving calls on the stocks.

This is not a Buy or Sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.

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