Vedanta Share Price Sees Unprecedented Growth, Surges 100% In 2024

Vedanta Ltd's stock is in the spotlight today following the announcement that the mining company will hold a board meeting on Monday, December 16, to consider a possible fourth interim dividend. The board meeting that was initially scheduled for October was cancelled due to unexpected events.

On Wednesday, Vedanta's shares finished 2.79% higher at Rs 514.10 on the BSE, elevating the company's market capitalisation to Rs 2.01 lakh crore. This event marks the first time that the market capitalisation of the Anil Agarwal-led company has exceeded Rs 2 lakh crore. Throughout the trading day, 12.07 lakh shares were traded, resulting in a turnover of Rs 62.42 crore on the BSE.

In the financial year 2025, Vedanta has so far paid an interim dividend of ₹35 per share to its investors. As per the company's announcement to the exchange, the record date for the upcoming fourth interim dividend is scheduled for December 24, 2024.

On Thursday, Vedanta’s stock opened with a 1.2% increase at ₹520.5. This year, the stock price has notably doubled, achieving an impressive 101% return year-to-date. This marks the stock's best calendar year performance since 2021, when it increased by 110%.