Vedanta Share Price | Fitch Ratings Agency has recently upgraded the credit rating of Vedanta Resources Limited, the parent company of Vedanta Limited, as refinancing risk has reduced significantly. This development has once again brought Vedanta Limited shares in the spotlight.
Current Status of Vedanta Share Price
Vedanta Limited shares were trading marginally lower by 0.20% at ₹460.05 on Tuesday, January 21, 2025. The total market capitalization of the company is ₹1,79,428 crore.
In the past one year, the stock hit a 52-week high of ₹526.95 and a 52-week low of ₹249.50. As of Wednesday, January 23, 2025, the stock was trading higher by 0.58% at ₹1,280.
Vedanta Rating Upgrade
Vedanta Limited stock is witnessing high volatility, with a one-year beta of 1.3. The Relative Strength Index (RSI) of 57.3 indicates that the stock is neither overbought nor oversold.
Fitch Rating Agency has upgraded Vedanta Resources Limited’s credit rating from ‘B-‘ to ‘B+’, with a stable outlook. Despite this positive news, Vedanta shares were trading 1.21% lower at ₹448 on January 23, 2025.
Positive impact expected on Vedanta shares
Fitch has also upgraded the recovery rating of a $300 million bond maturing in June 2028 issued by Vedanta Resources Finance 2 PLC to B+ with an RR4 recovery rating.
The bond is backed by an unconditional and irrevocable guarantee from Vedanta Resources Limited. Analysts expect the upgraded ratings to positively impact Vedanta Limited’s stock performance in the near future.
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