Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India
Vedanta reported results.
· Economic Times Markets, ET Stocks
Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality.
The analysis
Vedanta reported movement of 0.65%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.4% on the day at ₹237.90, and has returned -11.1% over three months. It sits 33% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -9.5% over the same period, so Vedanta is running 1.6 points behind its peers.
For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The 6 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 3 of 6 are higher: Vedanta leads at +1.4% and HFCL trails at -5.0%.
- Over three months: Vedanta -11.1% against Metals & Mining -9.5% (1.6 points behind); HDFC Bank -8.1% against Banks -6.0% (2.1 points behind); ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead); Axis Bank -1.0% against Banks -6.0% (5.0 points ahead).
- At least 25% below the 52-week high: Vedanta (33%) and HDFC Bank (31%).
- Vedanta: 52-week and period figures are measured from 30 Apr 2026, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| VedantaVEDL · Metals & Mining · Price reset 30 Apr 2026 | ₹237.90 | +1.4% | -8.1% | -11.1% | -32.9% | 1.1× | — |
| HDFC BankHDFCBANK · Banks | ₹692.80 | +1.4% | -2.2% | -8.1% | -31.4% | 0.7× | — |
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
| Axis BankAXISBANK · Banks | ₹1,217.00 | -0.7% | -0.7% | -1.0% | -13.3% | 0.5× | — |
| HFCLHFCL · Telecom & Media | ₹231.29 | -5.0% | +1.9% | +25.2% | -14.9% | 0.3× | — |
| Oil IndiaOIL · Oil & Energy | ₹454.00 | -0.1% | +1.2% | -0.6% | -12.4% | 0.8× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Vedanta
Banks
1M -3.4% · 3M -6.0%
HDFC Bank, ICICI Bank, Axis Bank
Telecom & Media
1M -0.2% · 3M +0.9%
HFCL
Oil & Energy
1M -4.8% · 3M -5.7%
Oil India
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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