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JP Morgan Maintains 'Overweight' Rating for Vedanta Resources
Millennium Post Kolkata
|Kolkata 12July2025
A day after US short-seller Viceroy Research called Anil Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, global investment banker JP Morgan said it is not going to be distracted by the claims and maintains its 'overweight' rating on the company and its bonds.
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NEW DELHI:
In a note titled 'Vedanta Resources: Not getting distracted; stay long,' JP Morgan on Thursday said it remains comfortable with Vedanta's leverage position and government's oversight of Hindustan Zinc, an arm of Vedanta Limited.
Cette histoire est tirée de l'édition Kolkata 12July2025 de Millennium Post Kolkata.
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