Vedanta Surges Nearly 8% ON Heavy Trading Volumes

Shares of billionaire Anil Agarwal-led Vedanta Limited - rose as a lot as 7.74 per cent to hit an intraday excessive of Rs 354 on the again of heavy buying and selling volumes. As many as 4.33 crore Vedanta shares modified fingers by 11:19 am, on the BSE, in contrast with a median of 14.13 lakh shares traded each day prior to now two weeks, knowledge from BSE confirmed. Promoters of Vedanta - Twin Star Holdings and Vedanta Netherlands Investments B.V. wish to buy as much as 17 crore fairness shares of the corporate at an indicative worth of Rs 350 per share, valued at Rs 5,950 crore, newspaper Business Standard reported on Monday.On the National Stock Exchange, over 26.87 crore Vedanta shares have been traded by 11:22 am.Vedanta shares have to date this yr superior as a lot as 139 per cent to hit 52-week excessive of Rs 385 on October 19.Vedanta Limited is a globally diversified pure assets firm with pursuits in zinc-lead-silver, Iron ore, metal, copper, aluminium, energy, oil and fuel.As of 11:26 am, Vedanta shares have been buying and selling 4.36 per cent increased at Rs 342.65, outperforming the Nifty which was down 0.2 per cent.