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Synopsis Vedanta’s net profit surged 72% year-on-year to Rs 5,473 crore. EBITDA also jumped 98% to a record Rs 8,469 crore. The company announced Arun Misra as its new CEO, effective August first. Nuvama maintained a buy rating with a target price of Rs 333. Motilal Oswal maintained its Neutral rating on Vedanta shares with a target price of Rs 290 apiece, implying 8% upside potential. Shares of Vedanta dipped over a percent to Rs 264 on the BSE on Friday after the metals and mining major reported a 72% year-on-year (YoY) surge in consolidated net profit to Rs 5,473…
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