Vedanta is currently trading at Rs. 176.60, up by 1.05 points or 0.60% from its previous closing of Rs. 175.55 on the BSE.
The scrip opened at Rs. 177.80 and has touched a high and low of Rs. 178.70 and Rs. 176.35 respectively. So far 117528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.50 on 19-Apr-2018 and a 52 week low of Rs. 145.90 on 15-Feb-2019.
Last one week high and low of the scrip stood at Rs. 178.70 and Rs. 168.00 respectively. The current market cap of the company is Rs. 65255.34 crore.
The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 34.75% and 11.12% respectively.
Vedanta has discovered oil in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. The company holds 100% participating interest in the block. The company has notified the same to the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas.
Multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence between the depths of 3310m to 4026m with hydrocarbon indications during drilling and down hole logging. The zone from 3403m to 3431m was tested through conventional well testing (Drill Stem Test) and flowed oil to surface. Further appraisal will be required to establish the size and commerciality of the oil discovery in the Mesozoic sequence.
The first exploration well A3-2 drilled in the block was a gas discovery. Evaluations are ongoing based on the results of the first well A3-2 and the second well H2 to finalise the forward programme.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
| Company Name | CMP |
|---|---|
| Hindalco | 628.90 |
| Vedanta | 460.40 |
| Hindustan Zinc | 453.25 |
| Gravita India | 2250.10 |
| Ram Ratna Wires | 569.30 |
| View more.. | |
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