Vedanta shares are at a standstill after rallying 12% in four days, falling 2% on sector weakness

Vedanta shares on Thursday broke their four-day winning streak, down almost 2%, amid heavy trading volumes, even as the stock had risen sharply in recent sessions. The scrip had risen almost 12% in the last four trading days, reaching Rs 675.70 in the previous session before taking profits in today’s trading.The stock fell 1.69% on the NSE to hit an intraday low of Rs 664.35 per piece.

The pause in Vedanta’s rally was accompanied by broader weakness in the metals sector, with the stock’s move mirroring the general sentiment in the Nifty Metal index, which was also lower (0.4%).Other major metal stocks were also under pressure with Hindalco down around 0.8%, Welspun Corp down almost 0.9%, NMDC down almost 1%, Hindustan Zinc down around 1.6%, Hindustan Copper down almost 1.7% and National Aluminum Company (NALCO) down over 2%.

During the session, Vedanta traded within a wide range, hitting a low of Rs 664.30 and a high of Rs 678.60 as volumes remained high compared to recent averages. However, the stock remains close to its 52-week high of Rs 679.40 after surging last week.

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

Also Read: Infosys Shares Rise 5% After Raising FY26 Guidance Following Q3 Results. Is there any more benefit left? Adding to the news flow, Vedanta recently informed the stock exchanges that it has been awarded an ESG rating of 67, categorized as ‘Strong’, by Sebi-registered ESG rating provider ESGRisk.ai.

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

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