Ajay Srivastava, CEO of Dimensions Corporate Finance Services believes that investors should keep faith in Vedanta.

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“Whichever way one looks at it, investors will benefit from Vedanta in the long run,” he said in an interview with CNBC-TV18, adding that it was a good long term investment.

The stock is down around 19 percent to Rs 99 after the company on Saturday accepted that its offer to delist had failed after it failed to get a minimum of 134.1 crore shares.

Srivastava is bullish on shares of banks and housing finance companies (HFCs).

He said the demand for housing right now was unprecedented and that he expected HFC shares to outperform banks over the next few months.

First Published:Oct 12, 2020 11:07 AM IST