The stock of Vedanta Ltd (ADR) (NYSE:VEDL) is a huge mover today! About 113,250 shares traded hands. Vedanta Ltd (ADR) (NYSE:VEDL) has risen 111.38% since March 11, 2016 and is uptrending. It has outperformed by 105.92% the S&P500.
The move comes after 9 months positive chart setup for the $8.65B company. It was reported on Oct, 14 by Barchart.com. We have $19.49 PT which if reached, will make NYSE:VEDL worth $5.88 billion more.
Analysts await Vedanta Ltd (ADR) (NYSE:VEDL) to report earnings on October, 25.
Vedanta Ltd (ADR) (NYSE:VEDL) Ratings Coverage
Out of 2 analysts covering Vedanta (NYSE:VEDL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vedanta has been the topic of 2 analyst reports since June 9, 2016 according to StockzIntelligence Inc. The stock of Vedanta Ltd (ADR) (NYSE:VEDL) earned “Buy” rating by CLSA on Thursday, June 9. Citigroup upgraded the stock to “Buy” rating in Wednesday, October 5 report.
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.”
Another recent and important Vedanta Ltd (ADR) (NYSE:VEDL) news was published by Bidnessetc.com which published an article titled: “Vedanta Ltd (ADR), Cairn India To Merge In All-Stock Deal” on June 15, 2015.
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