Vedanta Surges Over 4% Outperforms Major Indices


Stocks of Vedanta have witnessed a sudden rise in trading on both BSE & NSE. The stocks opened their trade on the last day of the week at Rs 233.80 per share; touched a low of Rs 230.35 per share; & a high of Rs 246.70 per share on NSE.

The stock has witnessed long built up position in today’s trade, as both open interest and share price are surging, indicating an expectation from the derivative segment for the stock to go up further.

It is one of the most actively traded securities with trading quantity clocking at 97,32,880 shares; and traded value standing at Rs 6000.42 lakh on NSE.

The stock has outperformed BSE Sensex and BSE Metal index on a yearly basis. BSE Sensex is trading in negative territory, down by over 131 points or 0.42% at 29,904 levels, and following the trend, Nifty is weaker by 44 points or 0.48% at 9297 levels. Although, Indian bourses are trading weak, the stock has outperformed major indices in today’s trade.

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