“The current scenario has reached an oversold condition at key support levels and we recommend taking long positions. The broader market, which was overheated, has seen a healthy decline and it appears that the price correction phase is over and will likely lead to a bottoming and a resumption of the bull phase,” it added.
Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Shares of Vedanta Power and Vedanta Oil and Gas rallied up to 14% after both demerged companies reported a sharp year-on-year improvement in Q2 FY27