vedanta

The last few months have seen Vedanta take off nearly vertically, from a low near ₹95, to nearly ₹300! And in last few weeks, the stock has taken a breather, finding strong support near ₹250. This consolidation above ₹250 looks like becoming the foundation for the next leg up in the stock. The...

Vedanta stock has taken a beating because they supposedly paid 21% revenue share for Radhikapur West, whereas Hindalco managed to win Chakla for just 14.25%. But the market has obviously not bothered to understand the difference between these blocks. Radhikapur is far larger block, with over...

Yesterday’s announcement of ₹9.5 dividend will obviously cheer shareholders of Vedanta. But the real message isn’t in the actual amount of dividend. The wording - “First interim” is the real message. And it indicates that there will be at least TWO more dividend payments this year! If it was...

Back in the 90’s Ramesh Chauhan was facing a cash fueled onslaught from Coke and Pepsi, and sold out to Coke. And Coke retained ThumsUp and Limca - but shut down Gold Spot! Gold Spot had a fan following, and had carved a niche for itself, as the “Zing Thing” and sadly for us, Coke killed it...

Corporate Governance issues seem to be the flavor of the season - and after the Dewan Housing fiasco, no one seems to be taking any chances. Vedanta's results were bad in terms of revenues, but the profits were higher than expectations. However, the market has latched on to a related party...

It is sad that the interests of the minority shareholders are being screwed so badly in India. This first happened in the Hero Honda deal - where the Munjals got a massive discount on the shares from Honda, in lieu of a hike in royalty payments. So the minority shareholders bore the burden...