Vedanta Ltd is up for a third straight session in a row. The stock is quoting at Rs 271.05, up 2.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 14691.4. The Sensex is at 48933.12, up 0.53%. Vedanta Ltd has added around 14.44% in last one month.

Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has added around 17.41% in last one month and is currently quoting at 4970.15, up 2.18% on the day. The volume in the stock stood at 139.12 lakh shares today, compared to the daily average of 198.28 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 272.1, up 2.2% on the day. Vedanta Ltd is up 245.07% in last one year as compared to a 59.71% gain in NIFTY and a 199.52% gain in the Nifty Metal index.

The PE of the stock is 8.59 based on TTM earnings ending December 20.

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Vedanta will hold a meeting of the Board of Directors of the Company on 13 May 2021.

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Vedanta has received reaffirmation in credit rating from CRISIL at CRISIL AA-/ Stable Outlook.

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The media reported that the Tamil Nadu government on Monday allowed Vedanta's sealed Sterlite Industries in Tuticorin to operate for the production of medical oxygen for a four-month period in view of the depleting oxygen reserves amid the massive spread of the coronavirus cases.

The decision was taken during an all-party meeting convened by Tamil Nadu Chief Minister K Palaniswami. While granting the permission, the state government directed the Sterlite plant not to be involved in the production of copper or any other material.

The unit was sealed by the state government in May 2018, days after 13 agitators were killed in police firing during a violent anti-Sterlite protest in the southern district over pollution concerns.

Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa, Namibia, and Australia.

The company reported 58.5% jump in consolidated net profit to Rs 4,224 crore on a 6.5% rise in net sales to Rs 22,498 crore in Q3 FY21 over Q3 FY20.

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