Vedanta Shares Plunge 10% on Sunday, Recovers 7% Amidst Metal Sell-off
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CNBC TV18•01-02-2026, 10:39
Vedanta Shares Plunge 10% on Sunday, Recovers 7% Amidst Metal Sell-off
- •Vedanta shares initially fell 10% on Sunday, extending Friday's losses and mirroring a broader metal sector sell-off.
- •The stock later recovered significantly, regaining nearly 7% from its session lows.
- •The early decline was primarily due to a sharp correction in precious metals, with gold and silver prices falling globally.
- •Vedanta's subsidiary Hindustan Zinc also saw a 10% decline, contributing to the parent company's initial fall.
- •Despite the price volatility, Vedanta reported strong Q3 earnings with net profit up 60.1% and revenue up 19% year-on-year.
Why It Matters: Vedanta shares experienced a sharp dip and recovery driven by global metal price fluctuations and strong Q3 earnings.
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