Vedanta Ltd shares surged 3.95% to ₹345.65 during trading on May 26, marking the third consecutive session of gains. According to reports from Business Standard, the stock has demonstrated strong momentum with a 106.17% gain over the past year, significantly outperforming the broader market. The benchmark NIFTY declined 0.14% to 23,997.6 while the Sensex fell 0.37% to 76,205 during the same period. As per Investing.com data, global benchmark crude oil prices were trading at $95.4 per barrel as of 1:22 pm IST, with crude oil prices having eased 10% in the last one week, benefiting the margins of crude-oil derivative-linked companies.
The positive momentum among metal stocks comes as investors focus on higher prices of commodities and precious metals in the global market, along with the lower cost of crude oil, which directly and indirectly impacts company margins. According to Investing.com data, commodities like aluminium, copper, gold, silver, platinum, zinc, palladium, and lead were having higher prices on the global market on Tuesday. The Nifty Metal index surged 1.1% to hit the day's high of 13,495 points on Tuesday, compared to 13,345 points at the previous market session, as reported by NSE data. The sectoral benchmark has outperformed the overall benchmark NIFTY50 returns so far in calendar year 2026, gaining nearly 20% year-to-date.
According to Business Standard, trading volume for Vedanta Ltd stood at 287.07 lakh shares during the session, which is below the daily average of 457.12 lakh shares recorded over the past month. However, as per NSE data, trading volumes of the stock surged to nearly 3 million shares as of the afternoon trading session on May 26. The benchmark May futures contract for the stock is quoting at ₹346.35, up 4.17% on the day, indicating positive sentiment in the derivatives market. The stock's PE ratio stands at 71.54 based on trailing twelve months earnings ending March 2026.
As reported by Business Standard, Vedanta Ltd has risen approximately 24.4% in the last one month, substantially outpacing the Nifty Metal index's 3.71% monthly gain. The Nifty Metal index currently trades at 13,495.65, up 1.1% on the day, with the sector showing strong performance. The Nifty Metal index has delivered more than 168% returns in the last five years, over 126% gains in the last three years, and more than 44% returns in the past one-year period, according to exchange data. The Nifty Metal has gained 5.5% in the past one month and was trading 2.2% higher in the last five trading sessions.
