Vedanta bags 41 oil, gas blocks in open acreage auction; stock up over 3%

Shares of Vedanta rose 3.45% to Rs 238.25 per share on the National Stock Exchange (NSE) in intra-day trade after the company got 41 blocks, out of the total 55 on offer, under the country's first round of oil and gas auctions under the Open Acreage Licensing Policy (OALP-I).

At 12:24 pm, the stock was at Rs 232.85, up 1.11%. In comparison, the Nifty 50 index was at 11,727, down 0.1%. So far in intra-day, Vedanta has hit a low of Rs 231.60 on NSE.

The Directorate General of Hydrocarbons (DGH) on Tuesday came out with the list of winners,