Vedanta Share Price | Update on Vedanta share, what will be the impact on stock price – NSE: VEDL
Vedanta Share Price | An important update has come on Vedanta Limited Company. Vedanta's promoter has raised $125 million from 'mortgage' shares of the listed company. Vedanta Limited Company (NSE: LED) The promoter unit of Vedanta Resources has signed a $125 million facility agreement. Vedanta Limited said in a filing to the exchange that Vedanta Resources is the nominated entity under this facility. Standard Chartered Bank Singapore Limited is the agent and lending bank. Vedanta Ltd said in a filing that the money will be used to repay debt and for working capital. (Vedanta Limited Company Excerpt)
Expert opinion on Vedanta shares
Vedanta Limited, a company in the same sector, will benefit greatly from the huge increase in the prices of metals in the global market. Vedanta Limited Company shares are trading higher after the update. On Wednesday, October 16, the stock was trading at Rs 486.40, down 0.70 per cent. On Thursday, October 17, the stock was trading at Rs 477.50, down 1.89 per cent. On Friday (October 18, 2024), the stock was trading 0.92% higher at Rs 476.
Expert gave BUY rating
ICICI Securities brokerage firm has given BUY rating to Vedanta Limited Company shares. ICICI Securities brokerage firm has given a target price of Rs 600 for the share. According to the report of ICICI Securities brokerage firm, zinc business will be beneficial for Vedanta. Vedanta Limited will also benefit from cost reduction in the aluminum segment.
Vedanta share price
Shares of Vedanta Limited Company have given 8% returns in the last one month. The stock has given 55% returns in the last six months. The stock has given 129% returns in the last 1 year. Vedanta Limited shares have given 241% returns in the last five years.
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