Stock Market Today: Vedanta Ltd share price gained more than 5% in intraday trades:
Vedanta Ltd share price that opened at ₹485.45 on the BSE on Thursday , only slightly higher than close of ₹479.60 on Wednesday on the BSE , howver gained further to intraday highs of ₹504.75, marking gains of more than 5%. Notably the Vedanta share price is close to its 1 year or 52 week high of ₹506.85.
Notably Vedanta share price has gained more than 10% in past three trading sessions.
Here’s driving the Vedanta share price that has risen more than 10% in last 3 trading sessions, close to 1 year high
- Dividend expectations- The Board of directors of mining giant Vedanta Ltd will be meeting on on October 8, to consider the fourth interim dividend for the financial year 2024-25. As per Vedanta Ltd. release on the 25 September .Vedanta Ltd earlier has already declared three interim dividends of ₹20, ₹4 and ₹11 per equity share on face value of ₹ 1/- for the Financial Year 2024-25. A strong Dividend Yield makes investments in Vedanta attractive for investors.
2. China demand recovery hopes – The hopes on recovery in metals demand from China have risen significantly with multiple steps being undertaken by this large consumer of Commodities in the world.
