Vedanta share price: Domestic stock markets are witnessing a major decline on Monday. The Asian markets declined after US President Donald Trump’s announcement to increase tariff charges on several countries. Its impact was also seen on domestic markets. The major benchmark index BSE Sensex opened 500 points and the Nifty slipped below 23,300. Meanwhile, Bulish opinion is coming on the stock of Vedanta, a metal sector giant Vedanta. However, the company’s shares are falling down on Monday (3 February). The stock had fallen more than 5% at 10 am and was trading around Rs 415. In the last session, it closed at a level of Rs 440.
Vedanta: Rating Buy | Target Price 663 | Upside 50%
Brokerage firm Numara has given Bulish opinion to Vedanta. Brokerage has retained the rating of his ‘Buy’ on metal stock. Also, a target of 663 has been given on the stock. In this way, the share from Saturday’s last closed price (1 February) can show 50% upside in the long term. The stock closed at a price of Rs 440 on Saturday.
Brokerage says that the company’s Ebitda is expected to increase by 10% in the March quarter due to strong prices and low cost of production in aluminum and zinc. The impact of low prices of aluminum will be seen in the first half of FY 2025-26.
Nuwama said that we have upheld a positive attitude on Vedanta amidst the company specific triggers such as high dividend, cost reduction and volume growth in aluminum and zinc from FY 2025-26 and separation of businesses.
Vedanta share history
If you look at the performance of Vedanta’s share, the stock has fallen 8.% in the last 1 month. The stock has declined by 3.47% in the last 6 months. At the same time, this year the stock has fallen to 5.72% so far. It has given a return of 53.79% in a year and the stock price has gained 212.34% in the last 5 years. The 52 week high of the stock is Rs 527 and 52 weeks is Rs 250. The total market cap of stock on BSE is Rs 1,63,688 crore.
How to be the Q3 results of Vedanta?
Vedanta Limited said on Friday (31 January) that his consolidated net profit increased by 76.2% to Rs 3,547 crore in the quarter ended December 31, 2024. In the same quarter of last year, the company recorded a profit of Rs 2,013 crore. The company’s total income increased by 9.5% to Rs 39,795 crore in this quarter, which was Rs 36,320 crore in the same quarter last year.
Vedanta’s third quarter consolidated revenue stood at Rs 38,526 crore, showing an increase of 4% on a quarterly basis and 10% on an annual basis. This increase was mainly due to better prices and high premiums in the market. The company’s total expenditure during this quarter was Rs 33,134 crore, while it was Rs 32,215 crore in the same period last year.