The stock of Vedanta Ltd (ADR) (NYSE:VEDL) is a huge mover today! About 145,735 shares traded hands. Vedanta Ltd (ADR) (NYSE:VEDL) has risen 140.68% since February 26, 2016 and is uptrending. It has outperformed by 130.25% the S&P500.
The move comes after 7 months positive chart setup for the $7.38B company. It was reported on Oct, 1 by Barchart.com. We have $15.78 PT which if reached, will make NYSE:VEDL worth $3.84 billion more.
Analysts await Vedanta Ltd (ADR) (NYSE:VEDL) to report earnings on October, 25.
According to Zacks Investment Research, “Vedanta Limited is a natural resource company. The company’s business primarily involves exploring, extracting and processing minerals and oil & gas. Its segments include zinc, oil & gas, lead, silver, copper, iron ore, aluminium and commercial power. The company operates primarily in India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Vedanta Limited, formerly known as Sesa Sterlite Limited, is based in Panaji, India.”
More news for Vedanta Ltd (ADR) (NYSE:VEDL) were recently published by: Bidnessetc.com, which released: “Vedanta Ltd (ADR), Cairn India To Merge In All-Stock Deal” on June 15, 2015. Seekingalpha.com‘s article titled: “Vedanta: An Indian Natural Resources Company With 135% Upside” and published on July 21, 2016 is yet another important article.
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