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Vedanta Shares Declines Post Earnings Report

Share price of the metal-mining conglomerate Vedanta Limited fell over 4 percent on Wednesday, a day after the the company reported its Q4 earning results.

Vedanta share price fall to an intraday low of 4 percent at Rs156.80 per share, compared to the previous close on the NSE in the morning session trade. The Vedanta stock opened at Rs160.50-per share on Wednesday, lower than Tuesday’s close of Rs163.50. 

On the BSE, Vedanta shares declined to an extent of 4.04pc to hit an intraday low of Rs156.80 per share, as against their previous close of Rs163.40-per share.

The mining major had on Tuesday posted a net profit of Rs.2615-Crore for the quarter ended March 31, as against Rs.4802-Cr for the equivalent period a year ago. 

During Mid-morning at around 11.50am, shares in Vedanta traded 3% lower at Rs158.60 per share  on the NSE, underperforming the benchmark Nifty index which was down 0.82% and Sensex  down by 332 points at 37943.55

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