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Vedanta chairperson Anil Agarwal said, 'They are fundamental to new age technologies whether those related to energy transition (solar PV cells, batteries, EVs) or in technologies related to artificial intelligence (advanced semiconductors).'
The Anil Agarwal-led Vedanta is well-placed to benefit from commodity upcycle given its diversified exposure, CLSA said. Efforts to increase capacity and profitability across segments auger well, it said.
The WEF had on Thursday announced the addition of 90 changemakers to its Young Global Leaders Community, all under 40 years old and representing diverse sectors of society.
Vedanta share price today: Vedanta stock hit 52-week high for the third session ahead of the firm’s meeting for fundraising through market-related instruments set to be held today.
Shares of metal and mining major Vedanta Ltd are trading at their 52-week high. The Anil Agarwal-led firm hit a 52-week high of Rs 308 on April 3, 2024. However, Vedanta stock is trading 38% lower to the record high of Rs 495. In terms of returns, the stock fell 25% in two years and rose 8% in a year. In five years, the stock has climbed 64%. The large cap stock stands higher than the 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages signaling the stock is trading in bullish zone.
Vedanta is required to comply with aforesaid direction. Sebi, on expiry of 45 days from the date of this order, may initiate appropriate action against Vedanta for such failure.
Vedanta share price target: Nuvama expects a dividend per share (DPS) of Rs 40 each in FY25E and FY26E. For now, the brokerage has reiterated its ‘BUY’ rating on the Vedanta stock with a revised target price of Rs 394 from Rs 371 earlier.
Vedanta shares rose 3.18 per cent to hit a high of Rs 272.15 on BSE. Antique Stock Broking said the Anil Agarwal company has established a huge asset base with expected replacement cost in excess of $50 billion.