Vedanta shares halt after 12% rally in 4 days, slip 2% amid sector weakness – News Air Insight

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Vedanta shares snapped their four-day winning streak on Thursday, nearly 2% amid heavy trading volumes, even as the stock had rallied sharply in recent sessions. The scrip had surged nearly 12% over the past four trading days to settle at Rs 675.70 in the previous session, before profit-taking set in during today’s trade.

The stock fell 1.69% on the NSE to hit an intraday low of Rs 664.35 apiece.

The pause in Vedanta’s rally came alongside a broader weakness in the metal space, with the stock’s movement mirroring the overall sentiment in the Nifty Metal index, which also traded lower (0.4%).

Other key metal stocks were under pressure as well, with Hindalco down about 0.8%, Welspun Corp slipping nearly 0.9%, NMDC falling close to 1%, Hindustan Zinc declining around 1.6%, Hindustan Copper easing nearly 1.7%, and National Aluminium Company (NALCO) shedding over 2%.

During the session, Vedanta traded in a wide range, hitting a low of Rs 664.30 and a high of Rs 678.60, as volumes remained elevated compared with recent averages. However, the stock remains close to its 52-week high of Rs 679.40 after a strong run-up over the past week.


The stock’s total traded quantity stood at 3.38 lakh shares, with a total turnover of Rs 22.62 crore on the BSE. Around 10 am, Vedanta’s market capitalization stood at Rs 2.63 lakh crore.

Also read: Infosys shares climb 5% on FY26 guidance hike post Q3 results. Is more upside left?Adding to the news flow, Vedanta recently informed exchanges that it has received an ESG rating of 67, categorised as “Strong,” from Sebi-registered ESG Rating Provider ESGRisk.ai.

The company clarified that the rating was issued independently and that it had not engaged the agency for the evaluation.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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