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Shares of Vedanta Limited reached its record high today (11 December). During trading, the company’s shares touched the level of Rs 525.15 with a rise of 5%, this is also its 52 week high. Now it is trading at Rs 517.15 with a gain of 3.38%.
With this, the market cap of Anil Aggarwal’s metal and mining company Vedanta has crossed Rs 2 lakh crore for the first time. The company’s shares have risen by about 10% in the last five days. It has increased by 14% in the last one month and 17% in the last six months.
The company’s shares gave a return of 108% in one year
In the last one year, the company’s shares have given a return of 108% to its investors. The company’s shares have risen 101% since January this year. If we talk about five years, Vedanta shares have given a return of 246.22%.
Company’s share can go up to Rs 663: Nuvama
According to Nuvama Institutional Equities, the company’s share can go up to Rs 663. Vedanta Limited is famous among investors as Dividend King. Its dividend yield is 8.15%. Its Profit to Earning (P/E) ratio is 17.40.
Vedanta turns profit from loss, net profit becomes ₹ 5,603 crore
Vedanta’s consolidated net profit in the second quarter (July-September) of financial year 2024-25 increased to ₹ 5,603 crore on an annual basis (YoY). The company had suffered a loss of ₹915 crore in the same quarter a year ago. The company’s consolidated revenue from operations has declined by 3.56% on an annual basis.
Revenue in the second quarter stood at ₹37,171 crore
Revenue from operations stood at ₹37,171 crore in Q2FY25. Revenue in the same quarter a year ago i.e. second quarter of FY24 was ₹38,546 crore.
Anil Aggarwal is the chairman and founder of Vedanta.
Vedanta is one of the world’s largest companies producing zinc, lead, aluminum and silver. Its founder and chairman Anil Aggarwal is known as the Metal Man of India. Its Chief Executive Officer (CEO) is Sunil Duggal.
