Vedanta Limited up by 5.79 percent | Espresso


Espresso Shot of the Day - Vedanta Ltd up by 5.79 percent

March 21, 2022
Espresso Shot of the Day - Vedanta Ltd up by 5.79 percent

VEDANTA LIMITED 400.05  (+5.79%) BSE – INE205A01025 | 21ST MARCH 2022

Vedanta Limited is a globally diversified natural resources company with interests in Zinc-Lead-Silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. They strive for a positive impact on the communities they work with and leave a legacy of pride. Operating responsibly and ethically is an integral part of Vedanta’s core values. They deliver on their commitments to all internal and external stakeholders by demonstrating these values through their actions, processes, systems and interactions. They constantly learn and develop, and endeavour to improve their operations. They are fully committed to working with integrity and have upheld ‘uncompromising business ethics’. While their business has expanded over the last 3 decades to many locations around the world, their operations have positively impacted the communities they work with.

Recent Drivers

  • On Mar 04, 2022, the company reported Net Sales of Rs.34,097 crore in December 2021, up 49.98% from Rs.22,735.00 crores in December 2020.
  • On Mar 04, 2022, the company reported Quarterly Net Profit of Rs.4,164 crore in December 2021, up 26.22% from Rs.3,299.00 crores in December 2020.
  • On Mar 02, 2022, the Company declared a third Interim Dividend of Rs.13 per equity share.
  • On Feb 25, 2022, CRISIL upgraded the long term rating of Vedanta limited from CRISIL AA-/ Positive / CRISIL A1+
  • On Feb 19, 2022, the company planned to invest $8.4 billion in a chip-manufacturing unit in partnership with Hon Hai Technology Group (Foxconn).
  • On Feb 17, 2022, the company signed a pact with TERI to accelerate its Environmental, social, and governance (ESG) goals.
  • On Jan 28, 2022, the company raised a Rs.8,000-crore secured term loan from Union Bank of India at 7.75%.
  • On Jan 20, 2022, the company planned to create a $10-billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).
  • On Jan 14, 2022, the company announced that is planning to explore investment opportunities in the mineral sector of Saudi Arabia.
  • On Jan 04, 2022, the company raised Rs. 1,000 crore from IDBI Bank and Canara Bank for three years at 7.68%
  • On Dec 27, 2021, the company approved to raise up to Rs. 1,000 crore through non-convertible debentures (NCDs) on a private placement basis.
  • On Dec 21, 2021, the company acquired Goa-based Nicomet, a leading nickel and cobalt producer.
 (Sources: Business Standard, Moneycontrol, BSE, Economic Times)

Technical Force*

  • S&P BSE 100 month till date gain up by 1.81%
  • Traded on 52 Week high value 407.35
  • Spurt in volume by more than 1.10 times compare to previous vol. 3 months avg. volume: 13,30,914
  • Quantity traded: 11, 25,895 | Deliverable quantity: 2, 79,785 (24.85%)
  • Stock price has jumped by more than 90% from a one-year low level: 209.80 (Apr 12, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 407.35 | 52-week-low: 209.80

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Some Key Ratios (Source: BSE)

Market Cap: 1,48,706.45 Crores

PE: 10.24

OPM%: 54.35


Promoters holding%: 69.69

Prev. Close:378.15

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.