Stock of mining major Vedanta climbed nearly 4.5 per cent today after the Anil Agarwal-led firm announced its earnings for the quarter ended June 2022. Vedanta stock opened marginally higher at Rs 245.95 against the previous close of Rs 245.50. Shares of Vedanta touched an intraday high of Rs 256.4, rising 4.44 per cent on BSE.
Shares of Vedanta hit a fresh 52-week high today after Bank of America Securities upgraded the large cap stock to a 'buy' from 'neutral'. The brokerage also raised the target price to Rs 485 against its earlier target of Rs 365. The new target price translates into an upside of over 20 percent compared to the close of Rs 400 on March 21.