Vedanta quotes higher for fifth straight trading day; surges 12% in 1 week

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Vedanta quotes higher for fifth straight trading day; surges 12% in 1 week - Business Standard

Quick Summary:

This has been supported by large dividend payouts by Vedanta over the past 2-3 fiscals, as well as fund raise through stake sale by VRL in Vedanta.

In the analysts' view, the upcoming demerger is likely to pave a separate sharpened growth path for individual divisions and offer investors an opportunity to invest in growth oriented pure-play companies.

While the company is looking to divest its steel business to support deleveraging, CRISIL Ratings said that no binding sale agreement has been executed, which is a monitorable for the company.