{"id":172,"date":"2023-11-16T08:39:15","date_gmt":"2023-11-16T08:39:15","guid":{"rendered":"https:\/\/candlestickschart.com\/?p=172"},"modified":"2023-11-16T08:46:32","modified_gmt":"2023-11-16T08:46:32","slug":"vedanta-falls-has-lost-15-in-6-months","status":"publish","type":"post","link":"https:\/\/candlestickschart.com\/index.php\/2023\/11\/16\/vedanta-falls-has-lost-15-in-6-months\/","title":{"rendered":"Vedanta falls, has lost 15 percent in 6 months"},"content":{"rendered":"\n<p>Vedanta Ltd&nbsp;was trading a percent lower on November 16 afternoon. The mining conglomerate\u2019s subsidiary, Malco Energy Limited, has set up a new unit in Saudi Arabia for copper business for SAR (Saudi riyal) 1,00,000, the company said in an exchange filing on November 15.<\/p>\n\n\n\n<p>The unit has been named &#8216;Vedanta Copper International VCI Company Limited&#8217;. The move comes as the conglomerate mulls restructuring of its business.<\/p>\n\n\n\n<p>In September, the company&#8217;s board approved a plan to split the business into six separately listed companies.<\/p>\n\n\n\n<p>The separate listing of the different businesses would help the &#8220;pure play&#8221; businesses grow, owner billionaire Anil Agrawal has said.<a rel=\"noreferrer noopener\" href=\"https:\/\/www.maxlifeinsurance.com\/term-insurance-plans\/premium-calculator\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p>Equity99 is bullish on Vedanta and has a \u201cbuy\u201d call on the stock with a target price of Rs 375.<\/p>\n\n\n\n<p>In 2022, the company, which has a diversified presence in oil and gas, metals and mining&nbsp;, flagged plans to invest in the mineral sector in Saudi Arabia, saying it was in discussions to identify investment opportunities in the region.<\/p>\n\n\n\n<p>The stock has lost 15.04 percent of its value over the past six months against the benchmark Nifty giving a return of 8.07 percent during the period.<\/p>\n\n\n\n<p>At 12.31 pm, the stock was trading at Rs 238.30&nbsp;on the National Stock Exchange, down 0.75 percent from the previous close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd&nbsp;was trading a percent lower on November 16 afternoon. The mining conglomerate\u2019s subsidiary, Malco Energy Limited, has set up&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/posts\/172"}],"collection":[{"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/comments?post=172"}],"version-history":[{"count":3,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/posts\/172\/revisions"}],"predecessor-version":[{"id":177,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/posts\/172\/revisions\/177"}],"wp:attachment":[{"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/media?parent=172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/categories?post=172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/candlestickschart.com\/index.php\/wp-json\/wp\/v2\/tags?post=172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}