Vedanta Ltd's stock price rose by 2% on the NSE to Rs 454 per share on November 28, following an upgrade from Moody's Ratings for its parent company, Vedanta Resources Ltd.

Moody's upgraded Vedanta Resources' corporate family rating (CFR) to 'B2' from 'B3' and raised the rating on its senior unsecured bonds to 'B3' from 'Caa1'. The outlook for these ratings remains stable. The rating agency mentioned Vedanta Resources' recent efforts in managing liabilities, including successful bond issuances totaling $800 million since September 2024, as key factors in the upgrade.

The stock has seen a significant 94% increase over the past year, resulting in a current market capitalization of Rs 1.75 lakh crore.