Vedanta stock rose 2% to a 52 week high of Rs 396.95 on BSE in early deals. Later, the stock turned flat and was trading at Rs 388.85 against the previous close of Rs 388.90 on BSE.
Vedanta share price today: Vedanta stock hit 52-week high for the third session ahead of the firm’s meeting for fundraising through market-related instruments set to be held today.
Shares of Vedanta Ltd were in news primarily for four key reasons today. The metal and mining stock had been hitting 52-week highs for the last three sessions. The stock of Anil Agarwal-led firm touched a 52-week high of Rs 312.50, rising 4.67% intraday in the current session. Market cap of the firm climbed to Rs 1.15 lakh crore. Later, the stock ended 3.92% higher at Rs 310.25 on BSE.
Shares of metal and mining major Vedanta Ltd are trading at their 52-week high. The Anil Agarwal-led firm hit a 52-week high of Rs 308 on April 3, 2024. However, Vedanta stock is trading 38% lower to the record high of Rs 495. In terms of returns, the stock fell 25% in two years and rose 8% in a year. In five years, the stock has climbed 64%. The large cap stock stands higher than the 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages signaling the stock is trading in bullish zone.