Shares of Vedanta Ltd, owned by Anil Agarwal, are making headlines as the company prepares for a board meeting on December 16, 2024, to consider its fourth interim dividend for the financial year 2024-25.
With its stock price climbing to ₹514.10 on Wednesday and a market capitalization exceeding ₹2 lakh crore for the first time, Vedanta is drawing significant investor attention. Here’s a detailed analysis of the stock’s performance, dividend history, and technical indicators.
Stock Performance and Market Activity
- Closing Price: Vedanta shares rose by 2.79% to close at ₹514.10 on BSE.
- Market Cap: The company’s market capitalization surged to ₹2.01 lakh crore.
- Volume: Approximately 12.07 lakh shares were traded, amounting to a turnover of ₹62.42 crore on BSE.
Dividend History for FY 2024-25
Vedanta has been consistent in rewarding its shareholders with substantial interim dividends this financial year. The details are as follows:
| Interim Dividend | Amount (₹) | Declaration Month |
|---|---|---|
| First | ₹4 | April 2024 |
| Second | ₹11 | June 2024 |
| Third | ₹20 | September 2024 |
| Total Paid | ₹35 | FY 2024-25 |
The upcoming fourth interim dividend, if approved, will further add to this impressive payout.
Key Developments
- Board Meeting: Scheduled for December 16, 2024, to decide on the fourth interim dividend.
- Record Date: December 24, 2024, set to determine shareholder eligibility for the dividend.
Technical Analysis and Market Indicators
| Indicator | Details |
|---|---|
| One-Year Beta | 1.3 (High volatility) |
| RSI | 74.2 (Overbought) |
| Support Level | ₹495 |
| Resistance Range | ₹520-550 |
Vedanta’s technical indicators signal strong momentum but caution investors of potential volatility due to its high beta and overbought RSI levels.
Analysts’ Perspectives
- Bullish Sentiment:
- The stock’s upward trajectory, supported by a strong dividend payout history, reflects positive investor sentiment.
- Caution Advised:
- With an RSI of 74.2, analysts suggest that the stock is in the overbought zone, recommending careful trading strategies.
Conclusion
Vedanta’s announcement of a board meeting for its fourth interim dividend has reinforced its commitment to shareholder value. With the stock’s stellar performance and robust dividend history, it remains a key player in the metals and mining sector. However, investors should closely monitor technical indicators and market trends to make informed decisions.
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Disclaimer
This article is for informational purposes only. For accurate and updated details, consult financial advisors or refer to official Vedanta communications.