Vedanta is in the business related to mining and metals.The name of its founder is Anil Aggarwal.Vedanta recently released its fourth quarter results.
New Delhi. Earning from share market mainly comes from the rise and fall of shares. But dividend is a method on which fluctuations in shares do not matter. This is a fixed amount given by the company to its shareholders. The company usually distributes business profits with its shareholders in the form of dividends. Now the country’s famous mining company Vedanta Limited has announced dividend for its shareholders. If you are its shareholder then you will get Rs 11 on every share without doing anything.
The company’s board has approved Rs 4089 crore for dividend. Vedanta has also fixed the record date for this. May 25 has been made the record date. On the day of record date the company sees how many shareholders it has. However, if you want to avail the benefit of dividend then you should already have shares of the company.
Read this also- Bank of America said something like this, those who invested money in the stock market became proud, the laziness of 3 years is going away.
Buy stock before ex-dividend date
Ex-dividend date is one day before the record date. If shares arrive in your demat account before this day, you will get the benefit of dividend. If you buy shares on this day or after, you will not get the benefit of dividend. The price of one share of Vedanta on NSE is Rs 433.60. On Thursday, this stock closed with a decline of 0.87 percent. This share has increased by more than 81 percent in the last 6 months. However, its returns in one year are seen to be only 55 percent.
Vedanta quarterly results
The company got a revenue of Rs 34,937 crore in the March quarter of the last financial year. During this period, its net profit fell by 27 percent on annual basis to Rs 6025 369 crore. Talking about the entire financial year, the profit of the company fell from Rs 10,574 crore to Rs 4239 crore on annual basis. During this period, the company’s revenue fell from Rs 1,45,404 crore to Rs 1,41,793.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss you may incur. will be.)
Tag: business news in hindi, Share Market, stock tips
first published : May 16, 2024, 7:40 pm IST
