Vedanta soars on getting long-term rating upgraded by CRISIL Ratings
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Vedanta is currently trading at Rs. 362.85, up by 24.95 points or 7.38% from its previous closing of Rs. 337.90 on the BSE.
The scrip opened at Rs. 343.25 and has touched a high and low of Rs. 363.50 and Rs. 343.25 respectively. So far 270168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.75 on 19-Oct-2021 and a 52 week low of Rs. 204.10 on 26-Feb-2021.
Last one week high and low of the scrip stood at Rs. 365.40 and Rs. 335.70 respectively. The current market cap of the company is Rs. 132704.01 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.51% and 9.36% respectively.
Credit rating agency -- CRISIL Ratings has upgraded Vedanta’s long-term rating to ‘AA’ from ‘AA-’. The agency has also revised the outlook to ‘Stable’ from ‘Positive’.
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.
