noscript

News Hot Pursuit

 
Vedanta gains on bargain hunting
11-Jul-19   15:03 Hrs IST

Meanwhile, S&P BSE Sensex was up 278.91 points or 0.72% at 38,835.95.

On BSE, 5.03 lakh shares were traded in Vedanta counter, compared to a 2-week average of 4.19 lakh shares. The share price hit an intraday high of Rs 165.10 and an intraday low of Rs 160.85. It hit a 52-week high of Rs 246.90 on 3 October 2018 and a 52-week low of Rs 145.90 on 15 February 2019.

Shares of Vedanta fell 8.44% in the past six trading sessions to settle at Rs 160 yesterday, 10 July 2019, from its close of Rs 174.75 on 2 July 2019.

Vedanta's chairman Navin Agarwal was quoted at the annual general meeting (AGM) today, 11 July, that the company spent around Rs 10,000 crore in FY2019 on capital expenditure programmes. The company's growth plans will see it becoming the world's largest zinc producer and among the top three silver producers.

As India's largest private sector oil and gas producer, Vedanta aims to double its current contribution of 27% of nation's production. India currently imports around 80% of its oil and gas requirements, amounting to $150 billion, he said.

Looking at the medium term, Agarwal said Vedanta's plans include a total capital investment of Rs 55,000 crore to increase production by about 50% across its businesses which the company expects to fund from internal cash flows.

Vedanta's consolidated net profit fell 16.5% to Rs 2,615 crore on a 16.4% decline in net sales to Rs 23,092 crore in Q4 March 2019 over Q4 March 2018.

Vedanta is a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )
Filing complaints on SEBI Complaint Redress System (SCORES)
– Easy & quick
  • Register on SCORES portal
  • Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, E-mail ID.
  • Benefits:
    • Effective communication
    • Speedy redressal of the grievances.
You can file complaints on SCORES through https://scores.gov.in/scores/Welcome.html