The shares of Vedanta Limited, one of Indias leading mining giants, continued their rally on Friday, marking gains for the fifth consecutive trading session. The stock surged by an additional 3% to hit a fresh all-time high of Rs 515.

Vedanta declared a third interim dividend of Rs 20 per share for FY25, following two earlier interim dividends announced this year—Rs 11 per share and Rs 4 per share, respectively.

What’s driving the stock that has risen more than 10% in last 3 trading sessions, and is inching close to 1 year high?

The positive outlook for the metal sector, fueled by China's fiscal stimulus plans, further boosted Vedanta's share prices. The stock nearly reached its 52-week high on the NSE, with brisk trading activity involving over 4 crore shares.

Vedanta's performance in 2024 has been impressive, with the stock climbing 95% so far this year and gaining 124.35% over the last 12 months. Over a five-year period, the stock has risen by 202%.