Vedanta Shares traded at Rs 366.65 with the return rate of 8.40% today morning session. Now it has closed at 361.65. Vedanta Shares on NSE starts the day at Rs 347.00 as compared to the previous day close at Rs 338.00. The reason for the rise in Vedanta shares today is that the foreign brokerage firm CLSA has updated the target price of Vedanta shares from Rs 390 to Rs 260. Due to which there has been this surge in shares. Vedanta share hits the new 52-week high record of Rs 366.65.
In terms of financial metrics, Vedanta Ltd stock has given the return of 99.84% in last 5 years and the revenue of Vedanta stock has experienced a humble annual growth rate of 8.12%, different from the industry average revenue growth rate of 8.09% while the market share has seen a decrease from 85.57% to 85.43%, it’s worth noting the condition of industry changing. In addition, the net worth income has grown annually at a yearly rate of 0.44%, in contrast to the industry average growth rate of -0.26%.
Vedanta is a globally leading Government owned company based on natural resources and technology combination operating all over India, South Africa, Liberia and Namibia. Vedanta is founded in 25 June 1965. Core purpose of Vedanta Ltd is to become the world's leading company for its shareholders through research, discovery, investment, supportable development and operation of natural resources in a wide- range.
Vedanta share price target for 2024 could be predicted as maximum target price of Rs 650.00 and minimum target price of Rs 375.00, for 2025 could be predicted as maximum target price of Rs 790.00 and minimum target price of Rs 510.00, for 2026 could be predicted as maximum target price of Rs 840.00 and minimum target price of Rs 550.00 and for 2030 could be predicted as maximum target price of Rs 2010.00 and minimum target price of Rs 1315.00.
The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions.