Price has fallen substantially it seems, earnings have fallen too and therefore PE has climbed up in this cyclical. Who knows how much downside remains.
At about 70/- per share dividend means money doubles in 3.25 years, provided dividend payout doesn’t falter. There is reason to believe it won’t because dividend is a source of major income for the parent, till the financial difficulties remain, Vedanta may keep paying hefty dividend to Vedanta resources.
Vedanta generates good cash, yet debt-laden and 100% shares are pledged.
Disc: Curious
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