Vedanta Group biggest wealth creator in FY25; adds over Rs 2.2 trn in mcap
Vedanta Group comprising, Vedanta Ltd and Hindustan Zinc Ltd, have generated the maximum wealth for investors on the Dalal Street in the current fiscal so far, with the combined market valuation of both firms surging by Rs 2.2 lakh crore.
The market capitalisation of the Vedanta Group surged by over Rs 2.2 lakh crore between March 28 and June 20, 2024, according to stock exchange data.
This is higher than the market cap growth witnessed by leading Indian businesses like Reliance Industries, Mahindra Group, and the Tata Group during the same period.
Share prices of Vedanta and Hindustan Zinc have doubled from their 52-week lows, backed by multiple positives, including the proposed demerger, the management's consistent focus on deleveraging, and significant improvement in earnings, as per stock exchange data.
In comparison, Adani and Mahindra groups saw their market cap rise by Rs 1.4 lakh crore each.
While Tata Group's market cap rose by over Rs 60,600 crore, heavyweight RIL's mark