Vedanta Shares Rise Over 6% on Buy Rating and Demerger Progress

Vedanta shares rose over 6% to reach record highs, driven by strong buying interest and a nearly 12% gain this month. A domestic brokerage maintained a buy rating and raised the price target to Rs 806, citing the company's nearing completion of statutory clearances for a planned demerger into five entities, which could unlock shareholder value. Robust commodity prices, cost reductions, and volume growth support earnings, while metal sector gains contributed to the stock's rally despite broader market declines.