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Vedanta share price rises over 3% to hit fresh 52-week high


Vedanta share price rises over 3% to hit fresh 52-week high
Vedanta shares gained as much as 3.21 per cent in intraday on Wednesday to hit 52-week high of Rs 221.60 on BSE. The stock has given a return of 267 per cent over the last eleven months
BusinessToday.In | March 3, 2021 | Updated 13:53 IST
Vedanta shares gains 267% in 11 months
Shares of Vedanta gained over 3 per cent in intraday trade to hit fresh record high on the Bombay Stock Exchange, in line with metal index. Vedanta shares opened Wednesday s trade at Rs 215.60 against previous closing price of Rs 214.70. During the day s trade, the stock gained as much as 3.21 per cent to hit 52-week high of Rs 221.60. ....

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Will Vedanta benefit from massive diversification?


Will Vedanta benefit from massive diversification?
While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources
Nevin John | December 15, 2020 | Updated 17:19 IST
Billionaire Anil Agarwal-led Vedanta group s aggressive diversification into new segments through acquisitions has raised investor confidence though there are worries related to debt. The metals and mining giant is in the fray to buy petroleum retailer BPCL and consumer electronics manufacturer Videocon. Besides, it plans to double the steel making capacity at the recently acquired bankrupt company Electrosteel.
All these three areas of business are new to Vedanta. It has submitted the expression of interest (EoI) for BPCL and is likely to qualify for giving financial bid. Private equity firms Apollo Global and I Squared Capital s arm Think Gas have also submitted EoIs. ....

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