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Vedanta's Anil Agarwal bats for 'green metals' amid steep rise of gold prices: 'Investors rush for...'

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).'

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Vedanta Share Price: Shares of Vedanta fall as Nifty drops

On the technical charts, the 200-day moving average of the stock stood at Rs 264.17.

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Vedanta shares rally 39% in a month. Should you ride the momentum?

The company announced Q4 results last week where Vedanta reported a net profit of Rs 1,369 crore, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. The consolidated revenue from operations was also down by 6% YoY at Rs 34,937 crore.

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Sanjiv Bhasin | Sanjiv Bhasin portfolio stocks: Whether ruling party gets 450 seats or not, take some money off the table: Sanjiv Bhasin

Sanjiv Bhasin warns of a potential sharp correction in the stock market due to rising borrowing costs and uncontrolled inflation. He highlights Anil Agarwal's plans for the steel business demerger and discusses the challenges faced by Kotak Bank with online KYC regulations. He also says KV Manian's resignation from Kotak Bank will get absorbed by the market. There are enough good people within Kotak Bank to take that mantle.

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Vedanta demerger: Key lenders signal green light after months of deliberation

Once the final approval for the demerger is granted, Vedanta group companies may seek fresh lines of credit from their current creditors to obtain growth capital

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Vedanta shares rally 4% to hit fresh 1-year high. Here's why

"At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said and the investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in.

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