The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25
Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs
Cost controls cushion domestic profitability in Q4, and US arm Novelis supports consolidated performance
The trade-related tension between the world's two biggest economies has already seen across-the-board selling in metal space.