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Vedanta worth another look

By Gary Newman | Friday 3 October 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in Vedanta Resources (VED) did very well last time I tipped them, and it looks like it is time to think about buying back in again. Back in March I tipped Vedanta at 845p and a few months later it hit highs of over 1200p, and now that it is back down in the 940s it is well worth buying at this level and on any further dips. 


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