UK 04:09 Thursday, 29 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Vedanta Resources (VED) was one of my best performing shares during 2016, and after a significant pullback in the share price in recent months it is well worth considering buying back in at current levels.
Vedanta (VED) is a company that I have been consistently wrong about over the past year or so, but which I still like! Like pretty much any resource stock its shares have been slaughtered over the past 12 months, having traded in the mid 550s at the start of the year, as opposed to the current share price in the 280p range. That means its market cap has taken a hit of in the region of £770 million.
Vedanta (VED), with a market cap of £1,021 million, has fallen by some 68% since its 2014 peak, to 371p. In the twelve years or so since it floated, Vedanta shares have has been as high as near 3,000p but are now right back down to below the IPO price from 2003.
At a time when many are avoiding oil and mining shares I still think there are some that offer great value long term. If you want a penny share where you could double your money overnight then there is no point reading further, but if on the other hand you’re looking for an investment that could yield significant returns in coming years when commodity prices recover, Vedanta Resources (VED) should be on your list.
Shares in Vedanta Resources (VED) did very well last time I tipped them, and it looks like it is time to think about buying back in again. Back in March I tipped Vedanta at 845p and a few months later it hit highs of over 1200p, and now that it is back down in the 940s it is well worth buying at this level and on any further dips.
So far 2014 has been a decent year for the larger mining companies and many of them have shown good rises, but Vedanta Resources (VED) hasn’t been amongst them.
Call me a contrarian, but whenever I hear about index changes I think opportunity...specifically for those companies being ejected, whose shares can come under pressure due to those oh-so-clever tracker funds being forced to automatically hit the sell button. So when I read that…
Vedanta Resources (VED), the diversified metals and mining company, disappointed investor in November after reporting a 17 per cent drop in first-half revenues on the back of falling commodity prices. The stock fell sharply on 15th November and the slide in the share price has continued ever since.
