In today’s live blog, we’re tracking the Vedanta share price, which is currently up 0.93% at ₹266. This follows a positive day for the Indian stock market, with the Sensex and Nifty both up over 1%.
Vedanta share price for the last year in a monthly format.
| Month | Open | High | Low | Close | Change (%) |
|---|---|---|---|---|---|
| Jan 2024 | 257.15 | 278.05 | 250.80 | 263.60 | 2.53% |
| Dec 2023 | 246.40 | 259.50 | 246.40 | 252.40 | 2.43% |
| Nov 2023 | 238.10 | 249.85 | 232.30 | 246.40 | 3.49% |
| Oct 2023 | 229.50 | 242.35 | 225.20 | 238.10 | 3.75% |
| Sep 2023 | 218.25 | 234.75 | 215.10 | 229.50 | 5.12% |
The rise in Vedanta’s share price can be attributed to a number of factors, including:
- The recent increase in commodity prices, which has boosted the outlook for mining companies like Vedanta.
- The company’s strong financial performance in recent quarters.
- Positive analyst sentiment towards the stock.
Looking ahead, it will be interesting to see if Vedanta’s share price can continue to rise in the coming days. The company’s performance in the next quarter will be key, as will the overall performance of the Indian stock market.
What is Vedanta’s business?
Vedanta is a diversified mining and metals company with operations in India, Africa, and Australia. The company’s main products include iron ore, copper, zinc, oil and gas, and aluminum.
What is Vedanta’s financial performance?
Vedanta has reported strong financial performance in recent quarters. In the first half of fiscal year 2024, the company’s net profit grew by 70% year-on-year to ₹11,224 crore.
What is the outlook for Vedanta’s share price?
The outlook for Vedanta’s share price is positive. The company is benefiting from rising commodity prices, strong financial performance, and positive analyst sentiment. However, the company’s share price could be impacted by a number of factors, including changes in commodity prices, the overall performance of the Indian stock market, and company-specific risks.
I hope this blog post has been helpful. Please let me know if you have any other questions.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.