Vedanta Power shares rebounded on Wednesday, rising 4% to trade at ₹42 per share on the NSE, crossing their listing price after two consecutive days of decline. According to reports from The Economic Times, the shares had fallen 2% on their debut day on Monday and another 2% on Tuesday, marking a recovery from the post-listing weakness. The company's shares had debuted at ₹41.80 per share on the NSE on Monday following the completion of the mega demerger.
As reported by The Economic Times, Vedanta Power's market capitalisation currently stands at more than ₹16,126 crore. The company's shares had initially debuted at ₹41.80 per share on Monday, marking the completion of the mega demerger process. The recovery on Wednesday represents a significant turnaround from the early post-listing weakness that saw the stock decline for two consecutive trading sessions.
According to reports from The Economic Times, Vedanta Power aims to become one of India's top private thermal power players through expansion and operational growth. The company's strategic focus on thermal power sector expansion aligns with India's growing energy demands and positions it for potential significant growth in the private power generation market.
