Inventory to look at: Vedanta shares in focus subsequent week as board to contemplate fourth interim dividend on Oct 8
“Pursuant to Regulation 29 of Itemizing Rules, Discover is hereby on condition that the assembly of the Board of Administrators of the Firm (the “Board”) is proposed to be scheduled on Tuesday, October 08, 2024, to contemplate and approve the Fourth Interim Dividend on fairness shares, if any, for the Monetary Yr 2024-25,” the corporate stated in a submitting to the exchanges.
The corporate additionally knowledgeable that in case the stated dividend is asserted, the document date for figuring out the eligibility of the shareholders will probably be October 16.
Previously 12 months, Vedanta has declared fairness dividends amounting to Rs 46 per share and on the present share worth of Rs 508.70, the corporate’s dividend yield is 9.04%, in keeping with the information accessible on Trendlyne.
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The steel main Vedanta on Friday introduced that the corporate has achieved its highest-ever quarterly and half-yearly aluminium manufacturing of 1205 kt within the first half of the monetary 12 months.
The corporate’s alumina manufacturing has additionally jumped 21% on a year-on-year foundation (YoY).
Vedanta additionally introduced that the corporate witnessed its highest-ever second quarter mined and refined steel manufacturing in Zinc India. The corporate recorded a brand new excessive for mined steel whereas the manufacturing of refined steel elevated by 5% YoY to 524 kt within the first half of the 12 months.
The shares of Vedanta closed flat on Friday at Rs 508.90 on BSE.
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