Shares of Vedanta Ltd climbed for a fourth consecutive session on Thursday, May 14, tracking a broader rally in metal counters. The bullish momentum comes on the back of the government’s recent decision to hike import duties on gold and silver to 15% from 6% to curb overseas purchases of precious metals and ease pressure on the country’s foreign exchange reserves.

Vedanta share price

Vedanta shares hit a 52-week high of Rs 336 on the BSE in early Thursday trade, surging as much as 4% in early trade. The stock extended the optimism from the previous session, where it settled nearly 6% higher at Rs 323.10 apiece. Over the past four trading sessions, the counter has rallied by over 13%.

Metal stocks broadly jumped following the import duty announcement; optimism continues to extend in today's session. According to its Q4 FY26 investor presentation submitted to the exchanges, Vedanta reported that its full-year saleable silver production stood at 627 metric tonnes (MT). Crucially, the company noted that silver contributed 45% to the overall profitability. 

For the March quarter alone, silver production rose 11% sequentially to 176 MT. The exchange filing highlighted that the company’s arm Hindustan Zinc achieved its highest-ever quarterly mined and refined metal production of 315 kt and 282 kt, respectively. 

Alongside silver and zinc, Vedanta's aluminium business clocked its highest ever annual aluminium production at 2,456 KT, up 1% year-on-year, while it noted that compressing its cost of production to five-year lows across both its aluminium and zinc segments.