/ Vedanta Declares Second Interim Dividend Of Rs 17.7 Per Share ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 30 March 2017

The well-known company in metal industry, Vedanta Limited’s board of directors have approved the second interim dividend, which collectively stands at Rs 6580 cr, including the Cairn India shareholders.

The second interim dividend is Rs 17.7 per equity share, that is 1770% on the face value of Rs 1 per equity share for the financial year 2016-17. The record date for the purpose of payment of dividend is April 12, 2017. The board has also approved the dividend of Rs 17.7 per equity share to the shareholders of Cairn India Limited.

The stock of Vedanta Limited touched high of Rs 273.8 per share, up by nearly 2%. Vedanta Limited is a natural resource company, engaged in the business of manufacturing copper and copper products, and aluminium and aluminium products. 

Vedanta Ltd is currently trading at Rs 269.75, up by Rs 0.95 or 0.35% from its previous closing of Rs 268.8 on the BSE. The scrip opened at Rs 269.3 and has touched a high and low of Rs 273.8 and Rs 268.2 respectively. So far 10343155(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 79690.98 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 275.4 on 02-Mar-2017 and a 52 week low of Rs 84.9 on 08-Apr-2016. Last one week high and low of the scrip stood at Rs 270.2 and Rs 260 respectively.

The promoters holding in the company stood at 62.86 % while Institutions and Non-Institutions held 23.8 % and 13.34 % respectively. The stock is currently trading above its 50 DMA.

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