Vedanta Share Discussion Threads

[smurfy2001] 04/11/2016 19:09

Nice one :)

[bamboo2] 04/11/2016 16:14

Started averaging back in at 709.5

[bamboo2] 02/11/2016 16:38

Sold at 752 this pm. Expecting imminent turn in the share price Planning to average back in.

[anony mous] 02/11/2016 12:55

Same again please

[deccer1] 02/11/2016 12:36

VED went from £5 to £29 in 2009 in under 12 months. Now they have returned to profit and are paying a dividend.

[smurfy2001] 01/11/2016 12:01

If you've exited with a profit you're happy with that's all that matters.

[smurfy2001] 01/11/2016 10:24

Looking good but still waiting for £10

[anony mous] 01/11/2016 10:12

Whoooooosh !

[smurfy2001] 31/10/2016 14:59

Anglo American sees ‘bright future’ as metals industry hopes for strength in China

[smurfy2001] 30/10/2016 12:56

Vedanta Limited Q2 net profit rise10 per cent

Vedanta Limited, India's largest non-ferrous metal company, today announced a 10 per
cent rise in its net profit for the second quarter ended September owing to reasons like higher metal prices, improved cost efficiencies at Aluminium business and ramp up of volumes in the Power business.


New Delhi: Vedanta Limited, India's largest non-ferrous metal company, today announced a 10 per cent rise in its net profit for the second quarter ended September owing to reasons like higher metal prices, improved cost efficiencies at Aluminium business and ramp up of volumes in the Power business.

Vedanta Ltd's net profit stood at Rs 2,277.9 crore for the quarter ended 30 September as compared to Rs 2,057.5 crore in the same period a year ago.

“We have made significant progress in operations and working capital initiatives, we maximised free cash flow. We have substantially reduced our debt and remain focused on strengthening our balance sheet," said Tom Albanese, Chief Executive Officer, Vedanta Limited.

The total income of the company dipped marginally to Rs 16,777.68 crore compared to Rs 17,528.87 crore last year.

"Simplifying the group structure continues to be a priority, and the Cairn India - Vedanta Limited merger remains on track for completion in first quarter of 2017,” the Vedanta CEO added.

Vedanta also posted free cash flow growth capex of Rs 2,613 crore driven by operating performance and working capital initiatives. The free cash flow lead to a strong financial position with total cash and liquid investments of Rs 54,833 crore and net debt reduction of Rs 2,259 crore.

Vedanta, Sterlite Energy's parent company also attributed it's good performance on the capitalization of the 3rd unit of Talwandi Sabo Power Limited's (TSPL) 660 Megawatt unit.

Vedanta Limited, a subsidiary of London listed Vedanta Resources, The company with it's headquarters in also announced interim dividend of Rs. 1.75 per share. The company's share price at the Bombay Stock Exchange (BSE) today closed at Rs 201.55 up 1.10 per cent over previous close.

[smurfy2001] 30/10/2016 12:42

Vedanta Q2 profit up 12% at Rs 1252 cr, margin expands to 27.8% London Stock Exchange listed Vedanta Resources' associate company Vedanta said consolidated profit during July-September quarter grew by 11.9 percent year-on-year to Rs 1,252 crore. Bottomline was supported by operational performance but growth limited due to weak revenue.

Net debt in Q2 declined by Rs 2,259 crore to Rs 11,961 crore on account of positive free cash flow. He said,

"The Cairn India - Vedanta merger remains on track for completion in Q1 CY2017, supported by the shareholders of both companies."

Read more at:

[smurfy2001] 27/10/2016 17:11

Not bad but still a long way to go.

[bamboo2] 27/10/2016 14:31

Very strong price action. Agreed it looks good for further advances.

[anony mous] 27/10/2016 13:44

Broke 1 year high £7.18

[anony mous] 25/10/2016 08:26

Hit £7.00+Looking very strong. Buyers keep mopping up.

[zcaprd7] 22/10/2016 12:57

£10. I'm looking for it to double from here...

[anony mous] 21/10/2016 20:37

Chart says it all.Bang on and in channel for £10.Will think about selling then. Not now.

[linton5] 21/10/2016 19:18

Yip I think your right mate

[smurfy2001] 21/10/2016 17:34

Well my £10 target is safe

[linton5] 21/10/2016 16:22

I've just sold probably the biggest boboo of my life

[linton5] 21/10/2016 16:12

What a fantastic rise,pile in lads n lassies

[anony mous] 21/10/2016 16:06

Solid numbers on Q reported...Net profit more than doubles QoQ to 779 croreNet profit at 779 crore; up 117% QoQ; highest in the last 6 quarters Strong free cash flow of 1,565 crore even at low oil price; solid Cash and Cash Equivalents position.

[zcaprd7] 21/10/2016 15:19

Some positive results... I'm nearly breaking even lol

[anony mous] 19/10/2016 14:23

Firing on all cylinders !Looks like big fundies are stake building.