Negative on Sesa Goa, Sterlite: Edelweiss Securities
Commenting on the Vedanta Resources' restructuring plan, Prasad Baji, Senior VP, Institutional Equities - Research, Edelweiss Securities Limited said that the merger issue is fine. "Vedanta Aluminum is a loss-making entity, it is not going to make any money in the next-2-3 years," he said in an interview to NDTV Profit. He feels that the restructuring is hugely negative for Sesa Goa and Sterlite. He is neutral on Cairn India.
