Vedanta shines on logging 4% rise in aluminium production in Q4FY24
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Vedanta is currently trading at Rs. 317.50, up by 7.25 points or 2.34% from its previous closing of Rs. 310.25 on the BSE.
The scrip opened at Rs. 311.05 and has touched a high and low of Rs. 320.80 and Rs. 306.00 respectively. So far 1075861 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 320.80 on 05-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023.
Last one week high and low of the scrip stood at Rs. 320.80 and Rs. 273.40 respectively. The current market cap of the company is Rs. 116701.46 crore.
The promoters holding in the company stood at 63.71%, while Institutions and Non-Institutions held 19.00% and 17.29% respectively.
Vedanta has reported 4% rise in its total aluminium production to 5,98,000 tonnes in the fourth quarter of FY24. The company’s total aluminium output in the January-March period of the last fiscal was 5,74,000 tonnes.
Zinc mined metal production on domestic front declined a per cent to 2,99,000 tonnes in the March quarter compared to 3,01,000 tonnes in the year-ago period, while the zinc mined metal output on International front was down 47% to 33,000 tonnes in Q4FY24 from over 63,000 tonnes in the year-ago period. Its saleable steel production decreased 11% Year-on-Year to 3,43,000 tonnes in Q4FY24 in line with lower hot metal 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.
