Vedanta moves up on planning to invest $1.7 billion in FY24
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Vedanta is currently trading at Rs. 282.20, up by 1.70 points or 0.61% from its previous closing of Rs. 280.50 on the BSE.
The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 282.40 and Rs. 278.70 respectively. So far 103725 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 206.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 284.35 and Rs. 278.70 respectively. The current market cap of the company is Rs. 104825.01 crore.
The promoters holding in the company stood at 68.11%, while Institutions and Non-Institutions held 18.16% and 13.73% respectively.
Vedanta is planning to invest $1.7 billion in the current financial year (FY24) to expand the capacities of its various business operations. The company has already invested $1.2 billion in the form of growth capex in FY23 to augment its assets and production.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
