Shares of major non-ferrous metal companies witnessed a strong rally on Thursday, tracking positive cues from global commodity markets and firm metal prices.
Market performance
Among the top gainers, Gravita India led the rally, climbing 6.04% to Rs 1,693.30, followed by Jain Resource which advanced 4.57% to Rs 386.05.
Vedanta Ltd. rose 3.28% to Rs 499.10, while Hind Copper surged 3.64% to Rs 342.70 and Hindustan Zinc added 2.83% to Rs 495.80. Smaller players like Cubex Tubings and Sagardeep Alloy also posted modest gains of around 1.8% each.
At 10:10 AM, Vedanta’s shares traded at Rs 499.60, up 3.38%, with a market capitalization of Rs 1.84 lakh crore, marking its highest level since early September. The stock has traded between Rs 487.25 and Rs 499.75 in today’s session.
Sector outlook
The rise in non-ferrous metal counters comes as global metal prices strengthen on the London Metal Exchange amid supply tightness and recovery in Chinese demand, boosting investor sentiment across the sector.
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