VEDL - Shares of Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) Rise Above Previous 52-Week High
Vedanta Limited American Depositary Shares (Each representing four equity shares) (NYSE:VEDL) traded at a new 52-week high today of $16.32. This new high was reached on below average trading volume as 665,000 shares traded hands, while the average 30-day volume is approximately 994,000 shares.
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.
In the past 52 weeks, shares of Vedanta Limited American Depositary Shares (Each representing four equity shares) have traded between a low of $4.08 and a high of $16.32 and is now at $16.09, which is 294% above that low price.
Based on a current price of $16.09, Vedanta Limited American Depositary Shares (Each representing four equity shares) is currently 24.2% above its average consensus analyst price target of $12.19.
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