Vedanta Dividend News: 4th Interim Payout of Rs 8.50, 24-December Record Date; Best Time To Pick Stake?

One of the foremost key minerals, energy, and technology companies in the world, Vedanta Limited is a subsidiary of Vedanta Resources Limited and has operations in India, South Africa, Namibia, Liberia, the United Arab Emirates, Saudi Arabia, Korea, Taiwan, and Japan. Its major operations include oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrate. With a market valuation of Rs 1,96,731.62 Cr, Vedanta's shares ended Tuesday's trading session on the NSE 2.02% down at Rs 503.10, following the announcement of the company's fourth interim dividend for FY25.

Vedanta Dividend

"We wish to inform you that the Board of Directors of Vedanta Limited (the "Company"), at its meeting held today i.e. Monday, December 16, 2024, has considered and approved the Fourth Interim Dividend of Rs 8.5/- per equity share on face value of Rs 1/- per equity share for the Financial Year 2024-25 amounting to Rs 3,324 Crores. As intimated earlier, the record date for the purpose of payment of dividend shall be Tuesday, December 24, 2024, and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law," said Vedanta in a stock exchange filing.

Vedanta Financials

In the September 2024 quarter, the firm declared a net profit of Rs 5,603 crore, while in the same time the previous year, it posted a net loss of Rs 915 crore. The quarter's total revenue was Rs 37,634 crore. At Rs 9,828 crore, Vedanta's earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 14.4% YoY. On an annual basis, the EBITDA margin went down from 29.5% in Q2FY24 to 26.1% in Q2FY25. Vedanta's net debt was Rs 56,927 crore at the end of the September quarter.

Vedanta Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "Vedanta Limited (VEDL) is trading near its all-time high of approximately Rs 512, with signs of profit booking emerging at higher levels. On the daily chart, the stock has formed a well-defined rounding bottom pattern and is on the brink of a breakout, supported by a noticeable increase in trading volume. This development indicates strong buying interest and the potential for further upward movement. On the weekly chart, VEDL is trading within a rectangle pattern and appears set for a breakout. If the price sustains above Rs 525, it could move towards Rs 600 and Rs 620 in the short term."

"From a technical perspective, immediate support is seen near Rs 500, making it an attractive level for buy-on-dip strategies. The Relative Strength Index (RSI) is trending upwards at 68.5, signaling growing bullish sentiment and reinforcing the stock's strong position. Additionally, VEDL is trading above all major Exponential Moving Averages (EMAs) - the 20-day, 50-day, 100-day, and 200-day - which confirms the prevailing bullish trend. The Stochastic RSI also shows a positive crossover from the oversold region, suggesting renewed buying momentum," the analyst commented.

"To manage risks effectively, traders are advised to set a stop-loss at Rs 480. This approach helps protect against potential market reversals while enabling investors to take advantage of the stock's strong upward momentum. Overall, the technical indicators and pattern formations suggest a favorable outlook for VEDL, provided it sustains key levels," Mandar Bhojane further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.