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Jefferies downgraded Vedanta Ltd (NSE:VEDL) from Hold to Underperform in a report released today.

Yesterday Vedanta Ltd (NSE:VEDL) traded 1.54% higher at $14.49. The company’s 50-day moving average is $19.73 and its 200-day moving average is $16.87. The last closing price is down 17.02% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 100,541 shares of the stock traded hands, down from an average trading volume of 442,946

Jefferies has downgraded Vedanta Ltd (NSE:VEDL) from Hold to Underperform in a report released on 6/08/2017.

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Vedanta Ltd (NSE:VEDL)

Vedanta Ltd has a 52 week low of $11.30 and a 52 week high of $20.92 with a P/E ratio of 15.57 The company’s market cap is currently $0.

General Information About Vedanta Ltd (NSE:VEDL)

Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company's segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke. Its iron ore business consists of iron ore exploration, mining, beneficiation and exports. The Company has iron ore mining operations in the States of Goa and Karnataka. Its copper business consists of custom smelting. Its power business consists of 2,400 megawatt thermal coal based power facility in the State of Odisha.

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