Vedanta Share Price | Beneficial update on Vedanta company, share will rise again, first gave 381% return – NSE: VEDANTA

Vedanta Resources, the parent company of Vedanta Limited, has successfully raised $4.7 billion in debt over the past two years, with Chairman Anil Agarwal emphasizing financial discipline that has led to a debt-free status for the company. As of October 8, the stock is trading at Rs 456, reflecting a slight decline of 0.41%, with a total market capitalization of Rs 1,79,057 crore.

Record EBITDA Achievement

Company’s Financial Performance
In a recent shareholder communication, Vedanta Limited announced its highest-ever EBITDA of Rs 20,639 crore for the second quarter, driven by robust production and operational efficiency. The company has achieved record production levels in zinc and aluminum. On November 11, 2024, the stock was priced at Rs 457, with minor fluctuations noted.

Production Expansion Plans

Future Production Goals
Looking ahead, Vedanta aims to double production at its subsidiary, Hindustan Zinc Limited, and increase oil production at Cairn Oil & Gas to 300,000 barrels per day. Additionally, the company targets an aluminum smelter capacity of 30 lakh tonnes annually.

Stock Performance Overview

Recent Stock Trends
Vedanta’s shares have experienced significant volatility, reaching a 52-week high of Rs 523.65 and a low of Rs 230.75. Over the last six months, the shares have yielded an 11% return, with an impressive 381% return over four years.

Disclaimer

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