Vedanta hits 5-month high; rallies 16% in four days on heavy volumes

For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses

Shares of Vedanta rallied 7 per cent to hit a five-month high of Rs 324.65 on the BSE in Friday’s intra-day trade on the back of heavy volumes. In the past four days, the stock has rallied 16 per cent. It was quoting at its highest level since June 3, 2022.

At 10:31 am; Vedanta was trading 6.7 per cent higher at Rs 322.50 as compared to a 0.19 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped 1.5 times today. A combined 27.3 million shares had changed hands on the NSE