Revenue down from Rs37328 last year to 35110 and EBITDA own to Rs.8969 from Rs.9362 in Q4. Result came few minutes before the market closure and stick took a .63% hit post earning announcement, before the announcement stock was trading at positive.
Look at this above data points we have pulled out from money control web site. Look at YOY degrading EPS and overvalue PE against sector PE average. Investors are/were showing interest in Vedanta because of China GDP numbers improving that pulls demand for metals world wide hence improve prices that intern are good for metals manufacturing companies like vedanta.
We have to now see how market will respond in the morning looking at these Q4 earning numbers by vendetta. Stock in the month of April has moved from 273 to 381 shows strong momentum towards the entire metal sector.
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