Vedanta Iron & Steel shares extended their post-listing rally on Thursday, hitting the 5% upper circuit for the fourth straight session. According to reports from The Economic Times, the stock was trading around ₹24.37, taking its market capitalisation to approximately ₹9,521 crore. Since debuting on the bourses earlier this week, Vedanta Iron & Steel shares have surged over 20%, driven by strong investor appetite and a high-profile investment from Azim Premji-backed Premji Invest.
The rally gathered momentum after PI Opportunities AIF V LLP, an investment vehicle of Premji Invest, acquired nearly 4.84 crore shares worth ₹101.68 crore through a bulk deal on Monday. As reported by The Economic Times, the fund purchased the shares at ₹21.02 apiece shortly after the company's market debut, signalling confidence in the newly listed entity. This significant investment from the Azim Premji-backed fund has provided substantial support to the stock's early performance.
Vedanta Iron & Steel was listed on the NSE at ₹20 per share, commanding a valuation of around ₹7,821 crore. According to The Economic Times, following the recent surge, the company's market capitalisation has climbed to nearly ₹9,521 crore. The stock has hit its 5% upper circuit in every session since listing, triggering momentum-driven buying and amplifying demand-supply dynamics in the market.
As of June 18, 2026, Vedanta Iron & Steel Ltd share price is ₹24.4, according to latest market data from Kotak Neo. The stock opened at ₹24.4 and had closed at ₹23.2 the previous day, showing positive momentum during the current trading session. Over the last 52 weeks, the stock has recorded a low of ₹ and a high of ₹, with the stock declining 79.9% over the past six months and remaining unchanged over the last year.
