100% up in 180 days, Vedanta to cross Rs 600? Rs 29 dividend expected in FY25 - Share price target 2024, 2025
100% up in 180 days, vedanta to cross rs 600? rs 29 dividend expected in fy25 - share price target 2024, 2025
Vedanta Share Price Target 2024, 2025: Billionaire Anil Agarwal-led mining company Vedanta isn’t just a good dividend payer but its shares have managed to deliver good returns to the shareholders in a very short while. Shares of the company are up 100 per cent in just the last 180 days or 6 months.
Vedanta stock opened at Rs 481.20 apiece on BSE on Thursday but declined over 3 per cent later to trade at Rs 470 levels at 1:25 pm. A constituent of S&P BSE 100, shares of the diversified metals firm have rallied 88 per cent in 2024 so far while zoomed 100 per cent in the last six months.
The counter has surged from Rs 230 levels in November to Rs 470 levels now. Is it likely that Vedanta stock will breach past the Rs 600-mark soon?
Vedanta Share Price Target 2024, 2025
Leading brokerage Nuvama has maintained a BUY rating on the Anil Agarwal-led company’s shares, saying that its debt peaked out in the financial year 2024. The brokerage further added that Vedanta is on the verge of receiving lenders approval which paves the way for vertical demerger.
Suggesting so, it has given a target of Rs 622 to the stock.
Vedanta Dividend 2025
Nuvama added that they expect the company to declare a Rs 29 dividend in rest of the financial year 2025. Declaring its quarterly results last week, Vedanta announced a first interim dividend of Rs 11 for FY25. “First Interim Dividend of Rs 11 per equity share on face value of Rs 1 per equity share for the Financial Year 2024-25 amounting to Rs 4,089 crore.”
Vedanta Dividend History
Agarwal-led Vedanta has a good dividend track report and has consistently declared dividends for the last 5 years. For the financial year ending March 2024, it declared an equity dividend of 4050 per cent, which translates to Rs 40.5 per share.
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