Notable Runner: Is Vedanta Ltd (ADR)’s Fuel Running Low? The Stock Just Declined Again

Notable Runner: Is Vedanta Ltd (ADR)'s Fuel Running Low? The Stock Just Declined Again

The stock of Vedanta Ltd (ADR) (NYSE:VEDL) is a huge mover today! About 335,240 shares traded hands or 17.83% up from the average. Vedanta Ltd (ADR) (NYSE:VEDL) has risen 123.58% since April 13, 2016 and is uptrending. It has outperformed by 119.65% the S&P500.
The move comes after 7 months negative chart setup for the $9.53B company. It was reported on Nov, 15 by Barchart.com. We have $11.89 PT which if reached, will make NYSE:VEDL worth $571.80M less.

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 has “Buy” rating given by CLSA on Thursday, June 9. The company was upgraded on Wednesday, October 5 by Citigroup.

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: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on May 14, 2015. Bidnessetc.com‘s article titled: “Vedanta Ltd (ADR), Cairn India To Merge In All-Stock Deal” and published on June 15, 2015 is yet another important article.

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