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Vedanta slips 9%, hits four-month low amid heavy volumes

Growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal

Vedanta
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Vedanta

Deepak Korgaonkar Mumbai
Shares of Vedanta hit four-month low of Rs 262 as they slipped 8.8 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.

The stock was trading at its lowest level since October 3, 2022. Thus far in the month of February, it has dipped 21 per cent from level of Rs 332.60. In comparison, the S&P BSE Sensex up 0.08 per cent at 59,337 at 10:38 am. Average trading volumes on the counter jumped 1.7 times, with a combined 17.06 million shares having changed hands on the NSE and BSE till the time of writing of

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First Published: Feb 28 2023 | 11:30 AM IST

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