Vedanta gains 1.6% after J.P. Morgan downplays concerns from Viceroy’s short report, citing strong cash flows and governance.

• Stock had dropped 3.75% after Viceroy accused parent Vedanta Resources of financial mismanagement and fund diversion.
• J.P. Morgan sees no stress at Vedanta Ltd; highlights earnings stability and board oversight at Hindustan Zinc.
• Vedanta down 1.2% YTD, lagging Nifty Metal index’s 8.4% rise despite reassurance on leverage and governance.