Vedanta Shares Surge Over 3% on Mixed Q2 FY26 Results; CLSA Stays Bullish

td. (NSE: VEDL) shares opened sharply higher, climbing as much as 3.2% to ₹509.35 from the previous close of ₹493.70, buoyed by robust operational metrics in its Q2 FY26 (July-September 2025) results despite a headline profit dip from one-off items. The diversified mining major, led by Anil Agarwal, reported record quarterly revenue and EBITDA, underscoring resilience amid volatile commodity prices and progress on deleveraging. The stock has risen about 25% year-to-date in 2025, supported by aluminium strength and demerger optimism. Key Q2 Highlights: Operational Beat Amid Exceptional Charges Vedanta's results showed a mixed bag, with core earnings shining but net profit hit by prior-year gains and fresh impairments. Management guided for FY26 group EBITDA exceeding $6 billion (vs. CLSA's $5.7 billion estimate), fueled by higher aluminium/zinc prices, volume ramps, and cost efficiencies from backward integration projects.