The 10.7% rally in the shares of the mining major was the best September since 2019. While the optimism around metals as a category helps the mining major, some company-specific challenges cap the prospects.
The last time Vedanta shares gained over 10.7% in a single month was March. A similar spike in September was in line with a rally across metals and mining stocks. The Nifty Metal Index was up 7.8% last month.
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