Vedanta shares surge on NCLT demerger approval
after close1 source ↓written by the desknot a recommendation
- this week
- 4%
- upward momentum
- 13 consecutive gains
- after the National
- 52-week high of ₹607.65
- 10 Buy
- ratings
- 4 Hold
Vedanta Ltd's shares have surged nearly 4% this week, maintaining a strong upward momentum with 13 consecutive gains. The stock reached a new 52-week high of ₹607.65 after the National Company Law Tribunal approved its demerger proposal, a significant step in its restructuring journey. Analysts remain bullish, with 10 Buy and 4 Hold ratings.
This approval marks the end of a two-year process fraught with regulatory challenges, positioning Vedanta for enhanced operational focus and potential growth.
Not investment advice. For informational purposes only.