Key Highlights
- Newsroom ReviewedVedanta Ltd's shares remain in focus, surging nearly 4% this week on the back of the demerger approval received last week.
- It has maintained a strong upward momentum, marking gains for 13 straight trading sessions.
- During this period, the stock has delivered an impressive return of 18.1%, reaching a new 52-week high at Rs 607.65. Last week, the National Company Law Tribunal (NCLT) gave its approval to Vedanta Limited’s long-awaited demerger proposal, clearing a major hurdle in the company’s restructuring journey.
- Of the analysts tracked by Bloomberg with coverage on this stock, 10 have a 'Buy' call, and 4 have a 'Hold' rating.
- Following the announcement, Vedanta shares surged to an all-time highs, and the momentum has sustained.
