Citigroup upgraded Vedanta Ltd (NSE:VEDL) from Neutral to Buy in a report released today.
- Updated: October 5, 2016
Just yesterday Vedanta Ltd (NSE:VEDL) traded 3.38% higher at $10.96. Vedanta Ltd’s 50-day moving average is $10.16 and its 200-day moving average is $7.95. The last stock price is up 42.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 98,868 shares of VEDL traded hands, down from an average trading volume of 200,171
Citigroup has upgraded Vedanta Ltd (NSE:VEDL) from Neutral to Buy in a report released on 10/05/2016.
Recent Performance Chart
Vedanta Ltd has 52 week low of $3.52 and a 52 week high of $11.41 and has a market capitalization of $0.
Brief Synopsis On Vedanta Ltd (NSE:VEDL)
Vedanta Limited, formerly Sesa Sterlite Limited, is a global diversified natural resource company. The Company's segments are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others. Its zinc business is operated by Hindustan Zinc Limited (HZL). Its zinc international business comprises the Skorpion mine and refinery in Namibia and the Lisheen mine in Ireland. Its oil and gas business is owned and operated by Cairn India Limited (Cairn), which has a resource base with interest in over seven blocks in India and one in South Africa. Its iron ore business consists of exploration, mining and processing of iron ore, pig iron and metallurgical coke and power generation. Its copper business is operated by Vedanta Ltd, copper mines of Tasmania Pty Ltd. (CMT) and Fujairah Gold FZC. Its aluminum business is operated by Vedanta Ltd. and Bharat Aluminium Company Limited. Its power business is operated by Vedanta Limited and Talwandi Sabo Power Limited.
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