New Delhi, July 11 -- Global brokerage house JP Morgan has reaffirmed its Overweight rating on Vedanta Resources Ltd (VRL), the parent company of Vedanta and its associated bonds, despite recent concerns raised by a third-party report regarding the company's governance and financial management.

The brokerage said that while questions have been raised around the structure and practices of Vedanta Ltd (VDL) and its subsidiaries, its own analysis points to sound leverage metrics and robust government oversight, particularly concerning Hindustan Zinc Ltd (HZL).

JP Morgan noted that the third-party report expressed apprehensions about governance and financial practices at VRL, VDL, and their subsidiaries. However, the brokerage said it conti...