|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's range||16.18 - 17.25|
|52-week range||6.07 - 20.14|
|Beta (5Y monthly)||1.82|
|PE ratio (TTM)||9.84|
|Forward dividend & yield||0.72 (5.25%)|
|Ex-dividend date||30 Oct 2020|
|1y target est||N/A|
Shares of Vedanta (NYSE: VEDL) rose as much as 11.5% in early trading on Oct. 18. The company -- which mines for various metals, drills for oil and natural gas, generates electricity, and produces steel and aluminum -- probably isn't a household name for most U.S. investors. Simply put, Vedanta's stock was upgraded by Credit Suisse.
Shares of Indian oil-to-metals conglomerate Vedanta Ltd rose nearly 4% on Monday after Tamil Nadu state authorised the company's shuttered copper smelter to produce oxygen for medical purposes to help the country tackle its deepening coronavirus crisis. The smelter has been closed for nearly three years due to concerns about pollution. "It was decided in an all-party meeting that Vedanta be allowed to operate the oxygen plant for a temporary period of four months," the Tamil Nadu government said in a statement, adding that production of copper would not be permitted.
Billionaire Anil Agarwal-controlled Vedanta Ltd said on Wednesday it was looking for a Indian state government partner to set up a 100 billion rupees ($1.37 billion) copper smelter, nearly 3 years after its existing smelter was shut. Vedanta's 400,000 tonnes per annum copper smelter in the port city of Thoothukudi was ordered shut in May 2018 by the southern Tamil Nadu state, a week after police killed 13 protesters seeking the plant's closure for alleged pollution. "We are looking to partner with state governments for setting up a copper smelter in a coastal region in India," Vedanta said in advertisment in the Economic Times newspaper on Wednesday.