Vedanta demerger units list; chairman flags possible global relisting within three years

Shares of all four recently-demerged Vedanta Group stocks recorded sharp gains on Friday, with Vedanta Iron and Steel shares jumping 5% to hit the upper circuit, and Vedanta Oil and Gas shares surging more than 6%.Vedanta Iron and Steel shares snapped a five-session losing streak, which began after the stock surged 113% in just 13 days since listing on June 15. Vedanta Power and Vedanta Oil and Gas shares are meanwhile extending gains.The four Vedanta Group stocks debuted on stock exchanges on June 15, concluding the mega demerger that marked one of the biggest corporate restructurings in India’s metals and mining space. Vedanta Iron and Steel share priceVedanta Iron and Steel shares listed at Rs 20 apiece on June 15. The stock then rapidly jumped 113% in just 13 sessions, before the rally lost steam. The stock tumbled around 23% during the five-session losing streak.The stock, however, rebounded 5% today to remain locked in the upper circuit at Rs 34.68 apiece on NSE. The company currently has a market capitalisation of more than Rs 13,561 crore.Earlier this week, Vedanta Iron & Steel reported a 4% YoY rise in saleable iron ore production to 2.6 million DMT in the first quarter of FY27. Sequentially, however, production fell 3% from 2.7 million DMT reported in the fourth quarter of FY26. Vedanta Iron & Steel's Karnataka plant saw a 46% YoY drop in saleable iron ore production, while the Goa and Odisha plants recorded 166% and 59% surges in output, respectively. Overall steel production, meanwhile, rose 4% YoY to 582,000 tonnes during the quarter under review.Also Read | JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocksVedanta Oil & Gas share priceVedanta Oil and Gas debuted at Rs 38 apiece on June 15. The stock then jumped more than 25% to hit a record high at Rs 47.60 apiece earlier this month. However, it then sharply declined.Vedanta Oil & Gas shares rebounded this week, rising 12% over three sessions to hit an intraday high of Rs 40.24 apiece on NSE on Friday morning. The company currently has a market capitalisation of nearly Rs 15,420 crore.The company last week reported a 17% year-on-year decline in gross oil and gas production to 7.1 million boe for the April-June quarter of FY27, from 8.5 million boe in the corresponding quarter of the previous financial year. Sequentially, gross output also declined about 4% from 7.3 million boe reported in the fourth quarter of the previous financial year.Vedanta Power share priceVedanta Power shares jumped more than 3% to trade at Rs 42.58 apiece on NSE on Friday morning. The shares of the company listed at Rs 41.80 apiece on NSE on June 15. The stock has so far only gained nearly 2% since then.The company last week said power sales grew 38% YoY to 5,225 million units in Q1 FY27 from 3,784 million units in Q1 FY26. Sequentially, however, sales fell 6% from 5,530 million units reported in the fourth quarter of FY26.Vedanta Aluminium share priceVedanta Aluminium shares listed as the only largecap stock on the list, debuting at Rs 522 apiece on NSE and surpassing its parent company in terms of market capitalisation in June. The shares of the company jumped around 4% today to trade at Rs 459.4 apiece. However, shares of the company have dropped 12% since listing.The company last week reported its highest-ever quarterly aluminium production of 6.32 lakh tonnes in Q1 FY27, marking a 5% YoY and 3% quarter-on-quarter increase. Power sales at BALCO rose 21% YoY to 520 million units during the quarter under review.Motilal Oswal sees 22% upside in this Vedanta stockMotilal Oswal Financial Services initiated coverage on the shares of Vedanta Aluminum with a ‘Buy’ rating and a target price of Rs 540 per share, implying an upside potential of around 22% from the stock’s previous closing price, as the domestic brokerage forecast strong earnings growth and cash flow generation over the medium term.The domestic brokerage in its note called the company India's largest pure-play primary aluminum company and the third-largest aluminum producer globally, excluding China. It said the company has emerged as one of the most compelling structural stories in the global aluminum space, combining industry-leading scale, extensive backward integration, and a multi-year earnings growth trajectory.Also Read | Vedanta Aluminum shares to see 22% rally? Motilal Oswal initiates coverage with Buy, lists key tailwinds(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of all four recently-listed Vedanta stocks tumbled up to 5% on Tuesday morning, extending losses and wiping off some of the gains recorded during the sharp rally seen after their listings that concluded the mega Vedanta demerger in June.While analysts screamed ‘Buy’ on Vedanta Aluminium shares after the debut, the smallcap counter of Vedanta Iron and Steel quietly began to surge. The sharp rally in Vedanta Iron and Steel shares intensified after Azim Premji-backed Premji Invest’s PI Opportunities AIF V LLP bought shares worth Rs 102 crore after the stock’s market debut. PI Opportunities AIF V LLP, an investment arm of Premji Invest, which is owned by Indian billionaire businessman and Wipro Chairman Azim Premji, bought nearly 4.84 crore shares worth Rs 101.68 crore at Rs 21.02 apiece through a bulk deal.The stock rapidly surged 113% in just 13 sessions since market debut. The company's market capitalisation also more than doubled to Rs 16,677.81 crore, before the rally lost steam. After hitting a record high of Rs 44.78 apiece on Friday, the stock has now fallen more than 18%.Also Read | 113% returns in 13 days! How Vedanta Iron and Steel shares made investors richer since listingThe company on Friday reported a 4% YoY rise in saleable iron ore production to 2.6 million DMT in the first quarter of FY27. Sequentially, however, production fell 3% from 2.7 million DMT reported in the fourth quarter of FY26.Vedanta Aluminium MetalVedanta Aluminium shares listed as the only largecap stock on the list, debuting at Rs 522 apiece on NSE and surpassing its parent company in terms of market capitalisation in June. However, shares of the company have dropped 12% since listing.This comes even after the company last week reported its highest-ever quarterly aluminium production of 6.32 lakh tonnes in Q1 FY27, marking a 5% YoY and 3% quarter-on-quarter increase. Power sales at BALCO rose 21% YoY to 520 million units during the quarter under review.Also Read | Vedanta demerged companies release Q1 updatesVedanta Oil & GasVedanta Oil & Gas shares listed at Rs 38 per share on NSE on June 15 after the mega demerger. The stock has so far fallen around 2% since then.The company on Friday reported a 17% year-on-year decline in gross oil and gas production to 7.1 million boe for the April-June quarter of FY27, from 8.5 million boe in the corresponding quarter of the previous financial year. Sequentially, gross output also declined about 4% from 7.3 million boe reported in the fourth quarter of the previous financial year.Vedanta PowerVedanta Power shares listed at Rs 41.80 apiece on NSE on June 15. The stock has so far only gained a little over 1% since then. The company last week said power sales grew 38% YoY to 5,225 million units in Q1 FY27 from 3,784 million units in Q1 FY26. Sequentially, however, sales fell 6% from 5,530 million units reported in the fourth quarter of FY26.Also Read | Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel | Which stock should you buy?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of Vedanta's recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.

Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it the preferred long-term pick.

Vedanta Iron and Steel shares have surged more than 100% in just 13 trading sessions since listing at Rs 20 on the NSE following Vedanta's mega demerger. The company, one of four new Vedanta entities to debut on June 15, has delivered stellar gains to investors after starting with a market capitalisation of Rs 7,821 crore.

Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.