Vedanta Aluminium stock jumps 4% days after hitting 52-week low! Can it reclaim demerger level? Experts decode outlook
New Delhi, Sept. 22 -- Vedanta Aluminium share price today: Shares of Vedanta Aluminium surged nearly 4% during Tuesday's intraday trading session. The recent uptick in the Anil Agarwal-led metal stock came days after it dipped to its 52-week low levels.
Despite the intraday surge in Vedanta Aluminium, the stock has declined nearly 11.5% from its demerger levels. Vedanta Aluminium shares listed at Rs.522 apiece on the NSE in June this year post Vedanta demerger, which translated into a 331.3% premium.
The recent uptick in Vedanta Aluminium stock has revived hopes of some bullish momentum in the metal stock. But it appears more to be like a base building rather than a fresh rally, according to Nitant Darekar Research Analyst at Bonanza....
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