Shares of Vedanta Iron and Steel, Vedanta Oil and Gas, Vedanta Aluminium Metal and Vedanta Power gained up to 5% on Monday, as the newly-listed Vedanta stocks continued to recover from their recent correction.
The four Vedanta Group stocks made their much-awaited debut 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 price
Vedanta 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.
Shares of the company have recovered around 10% in just two sessions. The stock is up nearly 5% today to trade at Rs 36.41 apiece on NSE. Earlier last week, the company 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 Oil and Gas share price
Vedanta 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 and Gas shares rebounded last week, and the trend continued on Monday. Shares of the company rose around 3% to trade at Rs 39.89 apiece, rising above the listing price. The stock has now gained more than 11% in four consecutive sessions.
Vedanta Power shares jumped nearly 2% to trade at Rs 42.49 apiece on NSE on Monday. 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 earlier this month 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 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. Shares of the company jumped around 2% today to trade at Rs 451 apiece. However, the shares have dropped 14% 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.
Also Read | Nuvama initiates Buy call on Vedanta Aluminium shares, expects profitability to exceed historical average. Here's why
Brokerages turn bullish on this Vedanta stock
Several brokerages have issued bullish calls for the shares of Vedanta Aluminium Metal. Nuvama Institutional Equities last week initiated coverage on shares of Vedanta Aluminium Metal with a 'Buy' rating and a target price of Rs 540 per share, implying an upside potential of nearly 22% from the stock’s previous closing price.
The brokerage highlighted that Vedanta Aluminium Metal is the fastest-expanding primary aluminium company in India, with its EBITDA likely to compound at 29% over FY26–28. Nuvama believes aluminium prices are likely to remain firm until FY28 as supply tightness is likely to loosen in the second half of that year.
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.