J.P. Morgan

JP Morgan Says Remain Over Weight on Vedanta with Continued Strong Commodity Prices, Further De-Leveraging

JP Morgan remains Overweight on Vedanta Ltd, citing strong commodity prices, deleveraging, and potential asset sales. They see no financial stress at Vedanta Ltd (ex-HZL) with FY22 EBITDA of $3.1bn and 2.2x net leverage.