Vedanta stock may have come off its peak seen in the last fortnight of September, but the company’s business prospects remain firm.
Temporary closure of almost half of its captive power capacities (1,605 M.W. out of 3,615 M.W.) at Odisha aluminium smelter due to environmental reasons is one factor that has impacted street sentiment, but broader markets too have been under pressure. Nevertheless, analysts don’t see much impact of the power capacity closure till remaining capacities are functional and the matter does not aggravate further.