Vedanta gains over 1% ahead of Q4 results; here's what brokerages expect

While Nifty50 has gained 8.23 per cent between May 7, 2018 and May 6, 2019, Vedanta has slipped 41.5 per cent. Nifty metal index has also fallen by 18.32 per cent over the same period.

Shares of Vedanta rallied over 1 per cent in the intra-day trade on Tuesday to Rs 170.5 apiece on the National Stock Exchange (NSE). The metals and mining major is due to declare its Q4 numbers for fiscal year 2018-19 later in the day.

At 11.05 am, the stock was trading 1.2 per cent higher at Rs 169 while the Nifty metal index was up 1.09 per cent. On the other hand, the benchmark Nifty50 index was trading 0.02 per cent lower at 11,596 levels. A total of 52,03,257 shares changed hands on NSE at the time of writing this report.

Q4