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VEDL - Vedanta: Capital Allocation Overhang Clouds Yet Another Strong Quarter
August, 04 2021 04:40 AM
Vedanta Limited American Depositary Shares (Each representing four equity shares)
Vedanta Ltd. posted another robust set of quarterly results, benefiting from the continued commodity pricing strength. Planned capacity expansion is a step in the right direction as well and should boost earnings growth. While a dividend hike is on the cards, the outsized debt load at parentco Vedanta Resources means capital allocation risks remain. For further details see:
Vedanta: Capital Allocation Overhang Clouds Yet Another Strong Quarter
Stock Information
Company Name:
Vedanta Limited American Depositary Shares (Each representing four equity shares)
Stock Symbol:
VEDL
Market:
NYSE
Website:
vedantalimited.com
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