Vedanta's stock broke its four‑day winning streak on Thursday, slipping almost 2% despite a strong recent rally.
What Happened?
The shares fell 1.69% on the NSE, reaching an intraday low of Rs 664.35. After jumping nearly 12% over the past four trading days to close at Rs 675.70, investors began taking profits.
Broader Metal Sector Weakness
The drop came as the metal space softened. The Nifty Metal index was down about 0.4%, and several peers also slipped:
- Hindalco – down ~0.8%
- Welspun Corp – down ~0.9%
- NMDC – down ~1.0%
- Hindustan Zinc – down ~1.6%
- Hindustan Copper – down ~1.7%
- NALCO – down >2%
Trading Details
During the session Vedanta traded between Rs 664.30 and Rs 678.60 on high volume. About 3.38 lakh shares changed hands, worth roughly Rs 22.62 crore on the BSE. The stock stays close to its 52‑week high of Rs 679.40.
At around 10 am, Vedanta’s market capitalisation was about Rs 2.63 lakh crore.
ESG Rating Update
Vedanta recently told exchanges it received an ESG rating of 67, labeled “Strong”, from the SEBI‑registered provider ESGRisk.ai. The company said the rating was given independently and it did not pay the agency for the assessment.
Takeaway
While the short‑term dip reflects profit‑taking and a softer metal sector, the stock remains near its yearly peak, keeping it on investors' radar.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.