Vedanta Oil and Gas shares rally 8%. What’s boosting investor sentiment today?

Vedanta Oil and Gas shares rallied 8% to an intraday high of Rs 39.60 on NSE after the Delhi High Court rejected the Union government's objections against enforcement of foreign arbitral awards worth $99 million (about Rs 945 crore) in favour of Vedanta Limited and Singapore-based Ravva Oil in a dispute over the Ravva oil field production sharing contract. The court directed release of bank guarantees within eight weeks. The stock, which listed at Rs 38 on June 15 following the Vedanta group's mega demerger, holds a market capitalisation of over Rs 15,140 crore, though Q1 FY27 gross oil and gas production declined 17% year-on-year to 7.1 million boe.