Shares of Vedanta Ltd rose over 5% on Thursday after the metal and mining firm said its board would consider fourth interim dividend for FY25 on Tuesday, October 8. Vedanta stock rose 5.24% to Rs 504.75 in the afternoon session against the previous close of Rs 479.60 on BSE. Market cap of the firm climbed to Rs 1.96 lakh crore. A total of 14.38 lakh shares of the firm changed hands amounting to a turnover of Rs 70.82 crore on BSE.
- As Expected: Gold Rocket, Hit Lifetime High 74,900
- Gold and silver prices today on 24-09-2024: Check latest rates in your city
- Gold Short Term Technical Forecast [24 Sep 2024]
- IEX tumbles on market coupling buzz
- Gold Silver price today: त्योहारों और शादी सीजन से पहले सोना-चांदी महंगा! इस महीने सोना अबतक 3,000 रुपये चढ़ा
Vedanta shares have a one-year beta of 1.2, indicating high volatility during the period. In terms of technicals, the relative strength index (RSI) of Vedanta stands at 63.9, signaling the stock is trading neither in the oversold nor in the overbought territory.
Vedanta has fixed Wednesday, October 16, as record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared.
In terms of returns, the stock gained 95% in 2024 and rose 124.35% in a year. In five years, the stock has risen 202%. The large cap stock is trading 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.
On September 2, Vedanta announced the third interim dividend of Rs 20 per share for FY25, with September 10 as the record date. Earlier, the Anil Agarwal-led company announced interim dividends of Rs 4 per share and Rs 11 per share, respectively. Vedanta has already announced dividends worth Rs 35 per share for FY25. Promoters owned 56.38 per cent stake in Vedanta as on June 30.
Gold Price Update:
Vedanta Ltd is a subsidiary of Vedanta Resources Ltd and has operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.
The record date for declaration of dividend has been fixed as October 16.
“The board of directors of the company is proposed to meet on Tuesday, October 08, 2024, to consider and approve the fourth interim dividend on equity shares for the financial year 2024-25,” Vedanta said in a filing to the stock exchange.
Earlier this month, Anil Aggarwal-led Vedanta approved a third dividend of Rs 20 per share for the current fiscal, taking the total dividend payout so far for FY25 to Rs 13,474 crore.
Disclaimer: The views and investment tips expressed by investment experts on goldsilverreports.com are their own and not those of the website or its management. goldsilverreports.com advises users to check with certified experts before taking any investment decisions.