• SENSEX  
    ( -0.37%)
  • USDINR  
    ( 0.33%)
  • GOLD  
    ( 1.55%)
  • Hot Pursuit - Detailed News
Vedanta gains on bargain hunting
11-Jul-19   15:03 Hrs IST

Meanwhile, S&P BSE Sensex was up 278.91 points or 0.72% at 38,835.95.

On BSE, 5.03 lakh shares were traded in Vedanta counter, compared to a 2-week average of 4.19 lakh shares. The share price hit an intraday high of Rs 165.10 and an intraday low of Rs 160.85. It hit a 52-week high of Rs 246.90 on 3 October 2018 and a 52-week low of Rs 145.90 on 15 February 2019.

Shares of Vedanta fell 8.44% in the past six trading sessions to settle at Rs 160 yesterday, 10 July 2019, from its close of Rs 174.75 on 2 July 2019.

Vedanta's chairman Navin Agarwal was quoted at the annual general meeting (AGM) today, 11 July, that the company spent around Rs 10,000 crore in FY2019 on capital expenditure programmes. The company's growth plans will see it becoming the world's largest zinc producer and among the top three silver producers.

As India's largest private sector oil and gas producer, Vedanta aims to double its current contribution of 27% of nation's production. India currently imports around 80% of its oil and gas requirements, amounting to $150 billion, he said.

Looking at the medium term, Agarwal said Vedanta's plans include a total capital investment of Rs 55,000 crore to increase production by about 50% across its businesses which the company expects to fund from internal cash flows.

Vedanta's consolidated net profit fell 16.5% to Rs 2,615 crore on a 16.4% decline in net sales to Rs 23,092 crore in Q4 March 2019 over Q4 March 2018.

Vedanta is a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !