Vedanta Limited up by 12.92 percent | Espresso Shot of the Day


Espresso shot of the day – Vedanta Ltd up by 12.92 percent

October 18, 2021
Espresso shot of the day – Vedanta Ltd up by 12.92 percent

VEDANTA LTD. 374.85 (+12.92 %) BSE – INE205A01025 | 18TH OCTOBER 2021

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 into many locations around the world, their operations have positively impacted the communities they work with.

Recent Drivers

  • On Oct 5, 2021, Mining giant Vedanta Group will look to bid for buying the government's stake in Hindustan Copper Ltd, asand when, the state-owned firm is put up for privatisation, its billionaire founder Anil Agarwal has said. He said that the company is doing its due diligence for the same.
  • On Oct 7, 2021, Vedanta has taken up a transformative program to embed ESG into every aspect of its decisionmaking and performance evaluation process.Vedanta Group CEO Sunil Duggal said, “The subject of climate change has taken center stage for people and our planet. It is time for everyone to understand our responsibilities towards this reality. We at Vedanta, understand we have a major role to play and are a company that deals in future looking green metals. We are currently in the midst of a transformative program to embed ESG into every aspect of our decisionmaking and performance evaluation." The focus on renewables will lead to a more mineral-intensive world, Mr Duggal said since electric cars will require six times more minerals than the conventional car, and the onshore wind required 9 times more mineral than the gas field plant. Vedanta with its portfolio of future looking metals will have a pivotal role to play in this, he said.
  • On Sep 2, 2021, Vedanta Ltd said its board has approved an interim dividend of Rs. 18.50 per equity share for FY2021-22.
  • On July26, 2021,Vedanta Ltd reported quarterly net profit at Rs. 3,336.00 crores in June 2021 up 12.55% from Rs. 2,964.00 crores in June 2020.
  • On July 26, 2021, Vedanta Ltd reported Net Sales at Rs 12,958.00 crores in June 2021, up 93.72% from Rs. 6,689.00 crores in June 2020.
(Sources: Vedanta Ltd, The Economic Times, Moneycontrol)

Technical Force*

  • S&P BSE 100 month till date gain up by 0.71%
  • Traded on new 52 Week High Value 378.20
  • Spurt in volume by more than 4.22 times compare to previous vol. 3 months avg. volume: 10,52,697
  • Quantity traded: 33,37,073 Deliverable quantity: 11,16,855 (33.47%)
  • Stock price has jumped more than 300% from one-year low level: 91.25 (Nov 04, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 378.20 | 52-week-low:  91.25

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Some Key Ratios (Source: BSE)

Market Cap: 1,39,339.12 crores

PE: 12.81

OPM%: 40.11

ROE%: 14.16

Promoters holding%: 65.18

Prev. Close: 331.95

*Chart And Technical Force data taken 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.