Vedanta shares gain over 2% to hit 52-week high. Here’s what drove the surge
Vedanta shares hit a fresh 52-week high as rising silver prices, strong performance in Hindustan Zinc and its successful bid for the Depo Graphite–Vanadium Block lifted investor confidence in metal and mining stocks.
Shares of metal and mining major Vedanta surged 2.47% to hit a new 52-week high of Rs 616 on the BSE on Monday, December 29, as investor interest in metal stocks gained traction amid broad-based sectoral strength and after the company was declared a successful bidder for the Depo Graphite–Vanadium Block.
The uptick in Vedanta also coincided with a strong rally in its subsidiary, Hindustan Zinc Ltd, whose shares touched a fresh all-time high of Rs 646.80 on the BSE during intraday trade.
The rally in Hindustan Zinc has been particularly noteworthy, with the stock rising consistently over the past 19 sessions. The sustained uptrend comes amid a sharp global surge in silver prices.
Internationally, silver breached the USD 82-per-ounce mark for the first time, while in domestic markets, silver futures crossed Rs 2.50 lakh per kilogram. The strong price action in silver is being closely tracked by market participants, especially those with exposure to base and precious metals.
Adding to the positive developments, Vedanta announced on Friday that it has been declared the successful bidder for the Depo Graphite–Vanadium Block under Critical Mineral Auctions Tranche IV.
“Further to our Stock Exchange Intimation no. VEDL/Sec./SE/24-25/197, we wish to inform you that the Company has been declared as Successful Bidder in respect of Depo Graphite–Vanadium Block after fulfilling the required statutory compliances vide letter dated December 23, 2025 (received on December 26, 2025 at 4:43 PM IST),” the company said in a filing to the stock exchanges.
The allocation was made by the Ministry of Mines, Government of India, after statutory compliances were fulfilled as per the letter dated December 23, 2025. Vedanta noted that the win would further strengthen the company’s critical minerals portfolio.
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