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VEDL - Vedanta News Story

₹130.95 -3.4  -2.5%

Last Trade - 18/09/20

Basic Materials
Large Cap
Market Cap £5.08bn
Enterprise Value £9.00bn
Revenue £8.85bn
Position in Universe 64th / 3004

BUZZ-India's Vedanta hits over 2-1/2 year low; chart suggests more downside

Mon 11th February, 2019 6:56am
** Shares of Vedanta Ltd  VDAN.NS  fall as much as 4.61 pct
to 147.05 rupees, lowest since July 11, 2016
    ** Stock cuts below a support at 151.13 rupees, the 61.8 pct
Fibonacci projection level of the downtrend from Jan. 29, 2018
high to July 20, 2018 low
    ** A close below the 61.8 pct level may lead to a further
fall up to 128.51 rupees, the 76.4 pct projection level
    ** Trend intensity(TI) indicator rises to 24, suggesting
prices are trending downwards; MACD is negative and below its
signal line
    ** In the last 30 days, 9 of 21 analysts have lowered their
recommendations on the stock, refinitiv data shows
    ** Currently, 11 of 21 analysts rate it a buy or higher, six
hold and 4 sell or lower 
    ** Stock down 23.76 pct this year as of last close, while
the broader NSE index  .NSEI  has gained 0.75 pct in the same

 (Reporting by Gaurav Dogra)
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