Vedanta Iron & Steel shares surged 10% to ₹42.65, hitting a new record high on Thursday, July 2, extending their remarkable rally to 13 consecutive sessions since their June debut. The stock has now doubled in value in just 12 days of being listed as a public company, demonstrating exceptional investor confidence in the newly listed entity. According to CNBC TV18, this latest surge brings the company's market capitalisation to nearly ₹17,000 crore, representing a substantial increase from its initial market capitalisation of ₹8,235 crore at the time of listing. The company was listed on the NSE and BSE on June 15, 2026, following the Vedanta Group's mega demerger, and debuted at ₹20 per share on the NSE. The stock has rallied more than 113% from its listing price, significantly outperforming expectations.
Vedanta Group shares experienced a broad-based rally on Thursday, with all four demerged companies hitting 20% upper circuit limits after exiting the Trade-to-Trade (T2T) segment. As per ET Now, the sharp buying interest came after these stocks were removed from the T2T segment, where they had been placed following their demerger from Vedanta Ltd. The T2T segment is a regulatory category where intraday trading is not permitted, and every trade results in compulsory delivery, with stocks subject to a maximum circuit limit of 5% in either direction. This exit from the T2T segment has removed regulatory constraints and enabled the stocks to trade more freely, contributing to the sustained rally momentum. Vedanta Aluminium, Oil and Gas, and Power also advanced for the second consecutive trading session, demonstrating continued positive investor sentiment across all demerged entities. The four newly carved-out Vedanta entities completed their mandatory 10-day Trade-to-Trade (T2T) settlement period and exited the segment on June 30, marking a significant milestone in their market journey.
Vedanta Iron & Steel is accelerating its Bokaro plant expansion timeline, targeting to double steelmaking capacity to 3 million tonnes per annum by end-2026, nearly a year ahead of the original FY28 timeline. According to Mint, the expansion from 1.5 mtpa to 3 mtpa was previously guided in the company's annual report, but regulatory delays including environmental clearances have now been resolved. The company is awaiting final regulatory clearance expected within the next six months, after which the expansion will proceed. Additionally, Vedanta is preparing its next phase of expansion to 5 mtpa by FY29, involving debottlenecking the existing plant to add 0.5 mtpa of capacity and setting up a 1.5 mtpa blast furnace. At 3 mtpa capacity, Vedanta Iron & Steel would be comparable to middle-sized domestic steelmakers such as NMDC Steel (2 mtpa) and Evonith Steel (1.4 mtpa). The expansion will be financed through internal accruals and market borrowings, with the company assuming only a 'very small' portion of Vedanta Ltd's $6.7 billion debt.
Vedanta Oil & Gas shares rallied as much as 13.96% to ₹44.08 apiece on the NSE, recently receiving strong credit support with ICRA assigning an AA+ (Stable) rating to Vedanta Oil & Gas Limited's ₹1,400 crore long-term loan. The rating reflects the company's established position in India's upstream oil and gas sector, supported by a sizeable resource base and stable production profile anchored by key assets such as the Rajasthan block. It also factors in its low-cost structure, healthy operating margins, and steady cash flow visibility, alongside financial flexibility derived from its association with the Vedanta Group. Vedanta Power shares rallied as much as 8.12% to ₹47.80 apiece on the NSE, with the company planning to scale capacity to 20 GW with the long-term ambition to be among the top-three private-sector power companies in the country. The company expects to commission the second 600 MW unit at its Sakti plant in the second half of FY27 and increase total capacity to 12 GW by FY33. Vedanta Aluminium Metal shares were trading 1.14% higher at ₹457.10 apiece on the NSE, maintaining its strong market position following the demerger.
Investor sentiment received early boost after Azim Premji-backed Premji Invest's PI Opportunities AIF V LLP acquired shares worth ₹102 crore through a bulk deal on June 15, 2026. According to The Economic Times, PI Opportunities AIF V LLP purchased nearly 4.84 crore shares worth ₹101.68 crore at ₹21.02 apiece through a bulk deal, signalling strong institutional confidence in the newly listed entity. The company also addressed the recent surge in its share price, stating that there is no material event, information, or announcement that requires disclosure under applicable regulations. Market experts are now suggesting that the current rally may be approaching a profit booking phase. Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Share and Stock Brokers Limited, noted that the stock is forming a higher high and higher low structure on the 1-hour chart, indicating a positive short-term trend. However, he cautioned that the stock is approaching a key Pivot resistance where selling pressure could emerge, advising that a decisive daily close above ₹39 is essential to confirm a fresh breakout.
