Shares of Vedanta Oil and Gas rallied over 12% to hit an all-time high of Rs 39.48 on the BSE on Monday, amid a sharp increase in trading volumes.
The stock had been in a downtrend after the company reported its Q1 earnings in the last week of July, despite posting a net profit of Rs 945 crore. It has since rebounded sharply, with Monday’s rally taking the stock to a record high.