Companies◆ Mixed
Vedanta wants to boost crude output from Rajasthan oil fields; plans $200 million investment: Report
Vedanta moved higher.
· Business Today Mkts
The company plans to achieve this increase through enhanced recovery techniques such as polymer flooding, well interventions and alkaline-surfactant-polymer injection.
The analysis
Against that, the stock is -2.8% on the day at ₹254.15, and has returned -5.8% over three months. It sits 68% below its 52-week high, which means a good deal of bad news was already in the price.
Market context
- The company directly in focus is VEDL.