Vedanta Dividend: Whenever there is talk of companies giving continuous dividends, the name of Vedanta comes prominently. The company has given dividend thrice so far in 2024. According to BSE data, so far this year the company has given dividend at the rate of Rs 11, Rs 4 and Rs 20 per share. The annual dividend yield of the company has been 13.50 percent. Vedanta’s dividend yield is lower than that of Public Provident Fund, Sukanya Samriddhi Yojana and bank FD. Let us know what experts think about Vedanta’s performance.
What are the experts thinking?
Stock market experts believe that Vedanta shares have performed well even amidst global challenges. The quarterly results have been good for the company. A new technical breakout has been seen in the chart pattern. Experts believe that shares of Vedanta Limited are looking good on the chart pattern. It is possible that the shares may go up to the level of Rs 575.
Ravi Singh, associated with Religare Broking, says, “Vedanta Limited operates in Zinc, Oil and Gas, Aluminum and Iron Ore sectors. The company has earned well amid global challenges. Vedanta Limited will benefit from better market conditions and improvement in energy and metal sectors. It is expected that the shares of Vedanta Limited may soon reach the level of Rs 550.
Also read: 1,00,000 mark not far for Sensex? Know experts opinion
What is the target price? (Vedanta share price target)
Sumit Bagadia, associated with brokerage house Choice Broking, says, “At present, shares of Vedanta Limited are around Rs 513. Short term target price is Rs 560 to Rs 575. While the stop loss is Rs 490.”
On Friday, the company’s shares closed at the level of Rs 512.85 after a rise of more than 2 percent. The company’s share prices have seen a rise of 98 percent so far this year.
(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment.
