Vedanta Ltd. Hits Intraday High with 3.04% Surge on 3 Feb 2026

Intraday Price Movement and Trading Action

Vedanta Ltd. opened the trading session with a notable gap-up of 5.28%, signalling strong buying interest early in the day. The stock maintained upward momentum to touch its peak at Rs 698.8, representing a 5.72% gain intraday. By the close, Vedanta recorded a day change of 3.04%, outperforming the Sensex’s 2.68% gain for the day. Despite this, the stock slightly underperformed its sector, Non-Ferrous Metals, which advanced by 3.35%.

The stock has been on a positive trajectory, registering gains for two consecutive days and delivering a cumulative return of 4.01% over this period. Its current price remains above key moving averages including the 20-day, 50-day, 100-day, and 200-day averages, though it is trading marginally below the 5-day moving average, indicating short-term consolidation after the recent rally.

Sector and Market Context

The Non-Ferrous Metals sector, to which Vedanta belongs, has shown resilience with a 3.35% gain on the day, reflecting favourable trading conditions for metal stocks. Vedanta’s performance, while strong, slightly lagged the sector’s advance by 0.31%. The broader market, represented by the Sensex, opened sharply higher by 3,656.74 points but retreated by 1,465.01 points during the session, settling at 83,858.19. This closing level places the Sensex just 2.74% below its 52-week high of 86,159.02.

Market technicals reveal the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day average, suggesting a mixed but cautiously optimistic medium-term trend. Mega-cap stocks led the market gains, supporting the overall positive sentiment despite the intraday volatility.

Performance Metrics and Historical Returns

Vedanta Ltd.’s recent price action is supported by strong long-term performance metrics. Over the past year, the stock has delivered a remarkable 61.44% return, significantly outpacing the Sensex’s 8.64% gain. Year-to-date, Vedanta has risen 12.72%, contrasting with the Sensex’s decline of 1.60%. Over three and five years, the stock has appreciated by 116.58% and 292.11% respectively, dwarfing the Sensex’s corresponding gains of 37.83% and 66.86%. The ten-year performance is particularly striking, with Vedanta surging 1004.14% compared to the Sensex’s 246.19%.

Shorter-term comparisons show mixed results, with Vedanta underperforming the Sensex over the past week (-3.54% vs 2.44%) but outperforming over one month (10.33% vs -2.22%) and three months (32.73% vs -0.14%). This volatility reflects the cyclical nature of the metals sector and the stock’s sensitivity to commodity price movements and global demand factors.

The stock currently offers a high dividend yield of 3.48%, adding an income component to its total return profile. This yield is attractive within the Non-Ferrous Metals sector and among large-cap industrial stocks.

Mojo Score and Rating Update

Vedanta Ltd. holds a Mojo Score of 75.0, reflecting a strong buy sentiment based on comprehensive financial and market analysis. This score is accompanied by a Mojo Grade of Buy, upgraded from Hold on 13 Jan 2026. The upgrade indicates improved fundamentals and market positioning as assessed by MarketsMOJO’s proprietary evaluation system. The company’s Market Cap Grade is rated at 1, denoting its status as a large-cap stock with significant market presence and liquidity.

Technical Positioning and Moving Averages

Vedanta’s price currently sits above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained upward trend over multiple time horizons. However, the stock is trading slightly below its 5-day moving average, suggesting a brief pause or consolidation phase following the recent sharp gains. This pattern is typical in stocks experiencing strong intraday rallies, where short-term profit-taking can occur before further directional moves.

The stock’s ability to maintain levels above longer-term averages supports the view of underlying strength in its price action. The 5-day moving average will be a key short-term indicator to watch for any shifts in momentum.

Market Sentiment and Broader Implications

While Vedanta Ltd. showed resilience and strength during the trading session, the broader market environment was mixed. The Sensex’s retreat after a strong opening highlights ongoing volatility and profit-booking pressures. Mega-cap stocks led the market gains, which may have contributed to Vedanta’s relative outperformance compared to the broader index. The Non-Ferrous Metals sector’s positive performance also provided a supportive backdrop for the stock’s gains.

Investors monitoring Vedanta’s price action will note the stock’s capacity to hold gains amid fluctuating market conditions, reflecting its established position within the metals sector and the broader industrial landscape.

Summary of Key Intraday Highlights

Vedanta Ltd. recorded a day high of Rs 698.8, up 5.72% intraday, with a closing gain of 3.04%. The stock opened with a 5.28% gap-up and has been on a two-day winning streak, accumulating a 4.01% return over this period. It outperformed the Sensex’s 2.68% gain but slightly lagged the Non-Ferrous Metals sector’s 3.35% advance. The stock’s current dividend yield stands at 3.48%, and it maintains a Mojo Score of 75.0 with a Buy rating upgraded from Hold in mid-January 2026.

Vedanta’s technical positioning above key moving averages and its strong historical returns underscore its significance within the large-cap metal stocks universe. The stock’s intraday surge on 3 Feb 2026 highlights its capacity to attract buying interest even amid broader market fluctuations.

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