Vedanta Limited American Depositary Shares (Each representing four equity shares) (NYSE:VEDL) traded at a new 52-week high today of $12.34. So far today approximately 383,000 shares have been exchanged, as compared to an average 30-day volume of 935,000 shares.
Vedanta Limited American Depositary Shares (Each representing four equity shares) (NYSE:VEDL) is currently priced 12.4% above its average consensus analyst price target of $10.56.
Vedanta Ltd is focused on zinc, lead, silver, aluminium, copper, iron ore, oil and gas, and commercial power. The company has operations across India, South Africa, Namibia, Ireland and Australia. The copper division has smelting and mining operations across India and Australia, and as the largest custom copper smelter and copper rods producer in India, it contributes more than half of the group’s revenue. Vedanta is also the largest aluminum producer in India, with operations in Korba, Jharsuguda, and Lanjigarh, generating roughly a fourth of group revenue. The company has iron ore mines in Goa, and is engaged in exploration, mining, and processing of iron ore, pig iron, and metallurgical coke and power generation.
Vedanta Limited American Depositary Shares (Each representing four equity shares) share prices have moved between a 52-week high of $12.34 and a 52-week low of $3.24 and are now trading 272% above that low price at $12.06 per share.
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