Vedanta Ltd. News and Updates

Name: Latest research reports of Vedanta Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Vedanta Ltd.
Rating: 3
Author: ICICI Securities Limited

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Vedanta Ltd.

09 Nov 2020, 12:00AM

435.40

0.23%

Vedanta Limited

Hold: Vedanta Ltd.

Target

ICICI Securities Limited

On the back of a sequential uptick in non-ferrous metal prices, Vedanta reported a steady Q2FY21 performance. Consolidated topline for Q2FY21 came in at | 21107 crore, up 32% QoQ. Consolidated EBITDA for Q2FY21 came in at | 6531 crore, up 48% YoY, 64% QoQ. Steady EBITDA performance in Q2FY21 on a YoY basis was supported by higher volume at Zinc India business, subdued input commodity prices, lower cost of production at aluminium, steel and zinc business and rupee depreciation, partially offset by lower volume at the oil & gas business. Consolidated...

Vedanta Ltd.'s price crossed below 50Day SMA today

Vedanta Ltd.

08 Nov 2020, 12:00AM

435.40

0.23%

Capital allocation holds key

Neutral: Vedanta Ltd.

Target

Motilal Oswal

VEDL, through its overseas subsidiary CIHL, has advanced an inter-corporate loan of USD956m to its parent Vedanta Resources (VRL) during Apr-Oct'20 (1QFY21 USD307m, 2QFY21 USD200m and Oct'20 USD450m), repayable gradually over the next three years. At the same time, VEDL has passed on <50% of dividend received from subsidiary Hindustan Zinc (HZL). Given lack of clarity on distribution of HZL's dividend and capital allocation concerns, we have raised Holdco discount for HZL to 30% (from 10%). Moreover, high leverage and scheduled debt repayments at parent VRL...

Vedanta Ltd.'s price crossed below 50Day SMA today

Vedanta Ltd.

07 Nov 2020, 02:32PM

435.40

0.23%

Vedanta's oil and gas arm Cairn gets 3-month extension for Rajasthan oil block

Business Today

The license to explore and produce oil and gas from Barmer was due to renewal in May this year, but pending settlement of the dispute the government has given five extensions, the latest till January 31

Vedanta Ltd.'s price crossed below 50Day SMA today

Vedanta's Cairn Oil & Gas gets 3-month extension for Rajasthan oil block

Economic Times | 07 Nov 2020, 01:38PM 4 more

Vedanta Ltd.

02 Nov 2020

435.40

0.23%

Vedanta, Hindalco Among Winners Of Coal Mine Auctions

NDTV Profit

The bidders who qualify then submit financial bids in which they detail what percentage of revenue would be paid to the government

Vedanta Ltd. is trading below all available SMAs

Vedanta Ltd.

01 Nov 2020

435.40

0.23%

Vedanta, Jindal Steel, Adani, JSW in race for first-ever auction of 19 coal blocks

Business Today

On Monday, the electronic auction would be held for five coal blocks --Chakla, Jharkhand; Marki Mangli-II, Maharashtra; Radhikapur (West), Odisha; Takli-Jena-Bellora (North) & TakliJena-Bellora (South), Maharashtra; and Urtan, Madhya Pradesh

Number of FII/FPI investors decreased from 880 to 836 in Jun 2025 qtr

Vedanta Ltd.

27 Oct 2020

435.40

0.23%

Moody's flags Vedanta Resources' failure to take full ownership of unit

Business Standard

Failure may result in weakened liquidity for the group, says Moody's.

Vedanta Ltd. has an average target of 520.00 from 5 brokers.

Vedanta Ltd.

26 Oct 2020

435.40

0.23%

V-shaped recovery seen for metals demand in India

Business Line

Non-ferrous metals demand in H2 driven by infrastructure, FY21 demand expected to contract by 5-7%, says Vedanta official

Vedanta Ltd.'s price crossed below 100Day SMA today

Vedanta Ltd.

25 Oct 2020

435.40

0.23%

Vedanta's $1.17 billion debt maturities prompt credit rating warnings

Business Standard

Moody's Investors Service last week put London-based Vedanta Resources under review for a possible downgrade, citing increased refinancing risk and large funding needs

Number of FII/FPI investors decreased from 880 to 836 in Jun 2025 qtr

Vedanta Ltd.

24 Oct 2020

435.40

0.23%

Vedanta approves interim dividend of Rs 9.5 per share

Business Today

The board of directors of Vedanta has set October 31, 2020, as the record date for payment of dividend; the dividend payout will be Rs 3,500 crore, the company informed

Vedanta Ltd.'s price crossed below 50Day SMA today

Days after failed delisting, Vedanta board okays interim dividend for FY21

Business Standard | 24 Oct 2020

Vedanta Ltd.

23 Oct 2020

435.40

0.23%

Vedanta board to meet on Saturday to consider first interim dividend

Business Standard

The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.

Vedanta Ltd.'s price crossed below 100Day SMA today

Vedanta meet on dividend on Saturday

Business Line | 22 Oct 2020 3 more

Is Vedanta Ltd. worth buying?

6193 Votes:

Buy 76.05%

Sell 11.87%

Hold 12.08%

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