News coverage about Vedanta (NYSE:VEDL) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vedanta earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.3820352024828 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Vedanta plans to raise up to ?4500 cr thru NCD (thehindubusinessline.com)
- Vedanta eyes Electrosteel for value addition, says chairman Navin Agarwal (business-standard.com)
- Protests in India against Vedanta’s copper smelter (mining.com)
- British Tamils protest outside Vedanta chief’s home in London (economictimes.indiatimes.com)
- Vedanta to invest Rs 12.4 bn on Jharsuguda unit to raise aluminium capacity (business-standard.com)
Vedanta stock traded down $0.76 during trading on Friday, reaching $17.05. 664,452 shares of the company traded hands, compared to its average volume of 480,629. Vedanta has a 12-month low of $13.78 and a 12-month high of $21.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.75. The firm has a market cap of $12,637.02, a P/E ratio of 13.86 and a beta of 1.84.
Several analysts have recently commented on the stock. ValuEngine lowered shares of Vedanta from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Vedanta from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold”.
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Vedanta Company Profile
Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.
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