Vedanta Aluminium listing looks stretched at ₹532, time to book profits: Rakesh Arora

Rakesh Arora, Founder of GoIndiaStocks.com, believes aluminium prices have largely peaked and that Vedanta’s plan to expand capacity from 3 million tonnes to 10 million tonnes points to significant supply additions ahead. With no shortage of bauxite, the key raw material for aluminium, Arora expects prices to settle in the $2,600-$2,700 per tonne range after peaking near $3,600. He said Vedanta Aluminium’s listing price of around ₹532 offers investors a good opportunity to book profits. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.