VEDL

shares jump 7% to hit record high; what's fueling the rally ahead of demerger?

Vedanta Share Price Target: Shares of multinational mining company Vedanta Ltd continued their uptrend for the fourth straight trading session on Wednesday, supported by heavy buying interest in entire metal pack. Vedanta shares opened nearly 2 per cent higher at Rs 647 on the NSE, compared to the previous closing price of Rs 637.20. After firm opening, Vedanta shares extended the gains and touched an intraday as well as record high of Rs 679.45, up 6.63 per cent. At around 11:40 AM, Vedanta shares were trading 5.5 per cent higher at Rs 672.60. Trading activity in the stock also saw a sharp increase. Around 2.81 crore equity shares of Vedanta traded on NSE around the same time, which was significantly higher than the previous session’s total volume of 1.77 crore shares.