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Vedanta Limited American Depositary Shares (Each representing four equity shares)
Before the COVID-19 disruption hit home, Vedanta (VEDL) was gung-ho on its business prospects. In its Q3 2020 earnings call in Jan 2020, VEDL's management team described the Indian economy as the most exciting economy in the world and suggested that business would move full speed ahead without looking back.
The bullish remarks came even though mining companies had underperformed the broad market. Way back in Dec 2019, I had published a view on the mining sector in The Lead-Lag Report and tweeted about how being in the wrong sector can make investors