Today’s Price Action: Vedanta Ltd (ADR)’s Stock Is Buy After Today’s Huge Increase

Today's Price Action: Vedanta Ltd (ADR)'s Stock Is Buy After Today's Huge Increase

The stock of Vedanta Ltd (ADR) (NYSE:VEDL) is a huge mover today! About 407,300 shares traded hands or 36.43% up from the average. Vedanta Ltd (ADR) (NYSE:VEDL) has risen 81.61% since April 20, 2016 and is uptrending. It has outperformed by 77.05% the S&P500.
The move comes after 9 months positive chart setup for the $8.97 billion company. It was reported on Nov, 22 by Barchart.com. We have $13.33 PT which if reached, will make NYSE:VEDL worth $627.90M more.

Vedanta Ltd (ADR) (NYSE:VEDL) Ratings Coverage

Out of 2 analysts covering Vedanta (NYSE:VEDL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vedanta has been the topic of 2 analyst reports since June 9, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by CLSA given on Thursday, June 9. Citigroup upgraded Vedanta Ltd (ADR) (NYSE:VEDL) on Wednesday, October 5 to “Buy” rating.

According to Zacks Investment Research, “Vedanta Limited is a natural resource company. The company’s business primarily involves exploring, extracting and processing minerals and oil & gas. Its segments include zinc, oil & gas, lead, silver, copper, iron ore, aluminium and commercial power. The company operates primarily in India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Vedanta Limited, formerly known as Sesa Sterlite Limited, is based in Panaji, India.”

More recent Vedanta Ltd (ADR) (NYSE:VEDL) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 14, 2015. Also Bidnessetc.com published the news titled: “Vedanta Ltd (ADR), Cairn India To Merge In All-Stock Deal” on June 15, 2015. Investorplace.com‘s news article titled: “22 Metals & Mining Stocks to Buy Now” with publication date: November 21, 2016 was also an interesting one.

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