Vedanta stock trading flat ahead of board meeting to consider 4th interim dividend

Vedanta Limited’s stock is trading marginally higher by 0.07% at ₹497.80 as of 2:41 PM, ahead of the company’s rescheduled board meeting today. The meeting, originally set for yesterday, was postponed due to unforeseen circumstances and will now consider the declaration of the 4th interim dividend for FY24.

The stock opened at ₹499.00, reaching a high of ₹502.50, and touched a low of ₹489.15 during intraday trading, indicating cautious market sentiment as investors await the outcome of the board’s decision on the dividend announcement.

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Vedanta’s board is expected to review and approve the interim dividend, a key factor influencing investor interest in the stock.