Gold Silver Reports (GSR) – Vedanta Set For Its Longest Losing Streak In Over Three Months – Shares of the metal maker extended its decline for the seventh straight session today, its longest losing streak since March 9. The stock fell as much as 3.3 percent to hit a 52-week low at Rs 230.65 apiece.
The company halted operations at its Zambia mine after a worker was killed on Friday at the Nchanga underground mine in Chingola that is part of Vedanta’s Konkola. The mining major will replace the Dr. Reddy’s Laboratories in the 31-stock index from today.
Shares of Dr. Reddy’s Laboratories Ltd. today snapped its longest winning streak in six months and fell as much as 2.6 percent, the most in nearly a month, to Rs 2,290 apiece. The pharmaceutical company is restrained from selling the generic variant of Suboxone, according to its exchange filing.
