Vedanta falls 8% after short report; ₹400 key support zone
Vedanta shares slumped nearly 8% after Viceroy Research labeled the parent company, VRL, a "financial zombie," sparking concerns about governance. Analyst Vijay Gupta warned the stock is in a fragile zone, with support near ₹400-420. A breakdown below ₹400 could trigger a slide to ₹360, while only a close above ₹470 can restore bullish momentum. Retail sentiment turned bearish.