Vedanta tanks 15% on heavy volume; logs sharpest intra-day fall since March

The bid for Vedanta's delisting offer opened on Monday, October 5, while the bid closes on Friday, October 9, 2020

Shares of Vedanta clocked their sharpest intra-day fall in over six months, tanking 15 per cent to Rs 117.60 in the intra-day trade, on the BSE on Wednesday on the back of heavy volumes. Earlier on March 23, 2020, the stock had plunged 18 per cent in the intra-day trade, exchange data show.

At 02:17 pm, the stock was trading 9 per cent lower at Rs 125.65, as compared to 0.89 per cent rise in the S&P BSE Sensex. Trading volumes on the counter jumped over six-fold. Till 02:18 pm, a combined 91 million equity shares, representing 2.6 per cent of