Dividend Giant Vedanta Shares Drop 19.77% From Highs, Buy?

Billiionaire Anil Agarwal’s Vedanta Ltd shares witnessed decline of 19.77% from 52-week high price of 527 per share. Last trading price of Vedanta shares on BSE stood at Rs 422.80 per share with intraday fall of 3.48%. However, the stock gained 1.85% in last 1-week when Sensex slipped 2.03% and BSE metal index zoomed 2.65%. Earlier on February 21, 2025 the Company was declared as ‘Preferred Bidder’ for the Kauhari Diamond Block (on highest Final Price Offer of 1.10%). Meanwhile, the diversified metals company has a market capitalisation of Rs 1,65,331.21 crore. Its return on equity stood at 22.07%. It is worth mentioning that it has recommended 43 dividends so far with dividend yield at 10.29%. Check more details below:

Vedanta Declared As Preffered Bidder For Kauhari Diamond Block

According to the exchange filing of the company issued on Feb 21, 2025, “via notification dated February 20, 2025 (received by the Company today), the Company has been declared as ‘Preferred Bidder’ for the Kauhari Diamond Block (on highest Final Price Offer of 1.10%). As per the tender document, the Kauhari Diamond Block is at G4 level of exploration with total area of 643.4169 hectares for the block.”

Vedanta Shares Drop 19.77% From 52-Week High Price

The stock witnessed decline of 19.77% from 52-week high price of Rs 527 per share, if yesterday’s last trading price of Rs 422.80 is considered. However, the stock soared 69.29% from 52-week low price of Rs 249.75 per share.

Should You Buy Vedanta Shares As Prices Slipped From Highs?

According to A R Ramachandran, SEBI registered Independent research analyst, “Vedanta stock price is bearish on the Daily charts with strong resistance at 443. A Daily close below support of 422 could lead to a target of 398 in the near term.”

Vedanta Dividend History

The company recommended a total of 43 dividends since September 9, 2003. In last 1-year, the firm recommended an equity dividend amounting to Rs 43.50 per share. At the current share price of Rs 422.80, Vedanta offers a dividend yield of 10.29%.

Vedanta Bonus Share History

It announced a total of 2 bonus shares since February 16, 2005. It last bonus issue was rewas in the ratio of 1:1 with ex-date fixed as August 8, 2008.

Vedanta Stock Split History

Vedanta split/sub-divided face value of its stock once since August 8, 2008. It last split the face value of its shares from Rs 10 to Re 1 in 2008. Ex-split date was fixed as August 8, 2008.

Shareholding Pattern

FII/FPI have increased holdings from 11.45% to 12.02% for December 2024 quarter. Number of FII/FPI investors increased from 831 to 836 for December 2024 quarter. Mutual Funds decreased holdings from 7.62% to 7.16% for December 2024 quarter. Number of MF schemes increased from 34 to 36 for December 2024 quarter, according to Trendlyne. Meanwhile, Life Insuranc Corporation Of India (LIC) has 6.96% stake in Vedanta with 271,971,856 shares of the company.

Vedanta Shares Performance

The 52-week high price of Vedanta Limited shares on BSE is at Rs 527.00 per share (as on 16/12/2024) and 52-week low price is Rs 249.75 per share (as on 13/03/2023), respectively. Vedanta Limited shares plunged 5.88% in last 6-months, rallied 43.57% in last 2-years, and delivered returns of 217.30 in last 5-years.

Disclaimer: The stock has been picked from the brokerage report of A R Ramachandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.