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Citi downgrades Vedanta to ‘sell’, cuts target price to Rs 265 on zinc concerns
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Citi downgrades Vedanta to ‘sell’, cuts target price to Rs 265 on zinc concerns
Mumbai, May 7 (SocialNews.XYZ) Shares of Vedanta Limited dropped 3.35 per cent on Thursday after brokerage firm Citi Research issued a sharp double downgrade on the stock, turning bearish on the metals major amid concerns over zinc prices and changes in its dividend policy. Citi downgraded Vedanta from ‘buy’ to ‘sell’ and slashed its target price to Rs 265, signaling limited upside from current levels. The brokerage cited a weak outlook on zinc…
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