Good Entry point for $VEDL (Vedanta Limited); Started some longs at $7.50. 2021 hedge against the dollar.
10% pull back off the recent highs of week or 2 ago. India in general got hammered today with Europe/Mutated Covid Headlines. This one has lagged outher mineral and resource companies possible because its exposure to gas/powerplants.
The company explores for, develops, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, and power. It is involved in the exploration, development, and production of oil and gas; and exploration, mining, and processing of iron ore, pig iron, and metallurgical coke & also has a couple of power plants.
10% pull back off the recent highs of week or 2 ago. India in general got hammered today with Europe/Mutated Covid Headlines. This one has lagged outher mineral and resource companies possible because its exposure to gas/powerplants.
The company explores for, develops, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, and power. It is involved in the exploration, development, and production of oil and gas; and exploration, mining, and processing of iron ore, pig iron, and metallurgical coke & also has a couple of power plants.