Shares of Vedanta Ltd rise as much as 1.6 pct to 346.40 rupees, their highest since January 2011.
Q2 profit jumped 47 pct to 20.91 bln rupees ($323.83 mln), helped by improved commodity prices and higher zinc and copper production.
Co expects FYH2 to be "more robust" with continuing production ramp-up, Chief Executive Kuldip Kaura said on Thursday.
"Access to bauxite mining, improved coal availability, reduction in net debt will be positive in medium to long term," Emkay Global Financial Services analysts wrote in a note.
Vedanta poised to benefit from bullish price outlook for zinc - Motilal Oswal analysts.
Eight of 21 brokerages covering the stock rate it "strong buy", 12 "buy" and one "hold"; median PT 350 rupees - Thomson Reuters data.
($1 = 64.5700 Indian rupees)
