Vedanta's stock is in the spotlight today after the mining giant announced that a board meeting will be held on May 16 to discuss several approaches to raising money, such as issuing equity shares or other convertible securities. The potential declaration of a first interim dividend for the fiscal year 2024–25 will also be discussed during the meeting.

The first interim dividend's record date, if any, has been set for May 25, 2024. The business stated that any decision made in this respect will need to have regulatory and legislative approvals as well as the approval of the shareholders at a general meeting.

In the previous session, Vedanta's shares closed 0.78% higher at Rs 413.95. The metal and mining company has a market capitalization of Rs 1.53 lakh billion.

Over the past half-year, Vedanta's stock has increased by 71%. The stock is up 50.47% in a year.

A total of 7.26 lakh of the company's shares were traded, generating a BSE turnover of Rs 29.55 crore. With a one-year beta of 0.8, Vedanta shares show little volatility throughout that time.

Technically speaking, Vedanta's relative strength index (RSI) is 68.1, indicating that the stock is neither in the overbought nor oversold range. The 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day, and 200 day moving averages are all being outperformed by the price of Vedanta shares.

Oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminum, and electricity are among the businesses that Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, operates in India, South Africa, and Namibia.