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The Economic Times
The Economic Times
Debaroti Adhikary

Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?

The shares of Vedanta jumped nearly 2% to a fresh record high on Friday morning, after the metals major said that it has secured its highest domestic credit rating in more than a decade.

Vedanta shares hit a fresh 52-week high of Rs 360.70 apiece on BSE on Friday. This comes after ratings agency ICRA on Wednesday removed the company from watch with developing implications after greater clarity on the allocation of assets and liabilities under the ongoing demerger scheme .

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