Search
Advertisement
Vedanta shares in news today on upgrade of corporate family rating 

Vedanta shares in news today on upgrade of corporate family rating 

Vedanta stock ended 0.64% lower at Rs 445.70 on BSE. Market cap of the firm slipped to Rs 1.74 lakh crore.

Aseem Thapliyal
Aseem Thapliyal
  • Updated Nov 28, 2024 8:43 AM IST
Vedanta shares in news today on upgrade of corporate family rating The large cap stock is trading higher than the 5 day, 10 day, 200 day but lower than the 30 day, 50 day, 100 day, and 150 day moving averages.

Shares of metal and mining major Vedanta are in news today after Moody's Ratings upgraded the corporate family rating of Vedanta Resources Ltd (VRL) following its successful liability management exercises. In the previous session, Vedanta stock ended 0.64% lower at Rs 445.70 on BSE. In a year, the stock has gained 91.49%.  Market cap of the firm slipped to Rs 1.74 lakh crore. A total of 6.93 lakh shares of the firm changed hands amounting to a turnover of Rs 30.93 crore on BSE.

Advertisement

Vedanta shares have a one-year beta of 1.3, indicating high volatility during the period. In terms of technicals, the relative strength index (RSI) of Vedanta stands at 43, signaling the stock is trading neither in the overbought nor in the oversold territory.

The stock has gained 73.29% in 2024. In five years, the stock has risen 203%. The large cap stock is trading higher than the 5 day, 10 day, 200 day but lower than the 30 day, 50 day, 100 day, and 150 day moving averages.

Moody's has upgraded the corporate family rating of the company from B3 to B2. Moody's also upgraded the rating on the senior unsecured bonds issued by Vedanta Resources to B3 from Caa1.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Nov 28, 2024 8:43 AM IST