Vedanta Shares Plunge 10% on Sunday, Recovers 7% Amidst Metal Sell-off

• Vedanta shares initially fell 10% on Sunday, extending Friday's losses and mirroring a broader metal sector sell-off.
• The stock later recovered significantly, regaining nearly 7% from its session lows.
• The early decline was primarily due to a sharp correction in precious metals, with gold and silver prices falling globally.
• Vedanta's subsidiary Hindustan Zinc also saw a 10% decline, contributing to the parent company's initial fall.
• Despite the price volatility, Vedanta reported strong Q3 earnings with net profit up 60.1% and revenue up 19% year-on-year.

Why It Matters: Vedanta shares experienced a sharp dip and recovery driven by global metal price fluctuations and strong Q3 earnings.