Vedanta Share Price Falls After Paring Stake In Hindustan Zinc, Dividend Announcement
In the previous financial year, Vedanta gave Rs 17,000 crore in dividends to its shareholders, amounting to Rs 43.5 per share.
The share price for Vedanta Ltd. fell more than 3% on Thursday after closing 0.53% lower at Rs 456.50 apiece the previous day.
On Wednesday the company reduced its stake in Hindustan Zinc by selling shares in the secondary market for Rs 3,018 crore. Last year, the company had offloaded a 1.51% stake through an offer for sale.
Later on June 18, Vedanta announced the approval of its first interim dividend of Rs 7 per share, following the conclusion of its board meeting. The company has designated June 24 as the record date for this dividend payout.
In the previous financial year, Vedanta gave Rs 17,000 crore in dividends to its shareholders, amounting to Rs 43.5 per share.
Vedanta's fourth-quarter financial results saw a revenue increase of 1.65%, reaching Rs 40,455 crore, compared to Rs 39,795 crore in the previous quarter.
Vedanta Share Price Today
The scrip fell as much as 2.96% to Rs 442.45 apiece, the lowest level since June 6, 2025. It pared losses to trade 2.68% lower at Rs 443.55 apiece, as of 10:30 a.m. This compares to a 0.01% advance in the NSE Nifty 50 Index.
Share price has fallen 0.33% on a year-to-date basis, and is down 1.22% in the last 12 months. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 45.83.
Out of 16 analysts tracking the company, 11 maintain a 'buy' rating, four recommend a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.5%.
