Vedanta Ltd. shares surged as much as 8% on Monday, May 4, marking the company's first full trading session after the demerger process and following Thursday's price discovery session. According to reports from CNBC TV18, the stock is trading with significant volumes, with over 3.3 crore shares already changing hands in the first 45 minutes of the trading session. 50% of those shares are marked for delivery, indicating strong investor interest in the demerged entity.
The stock is now trading ex-of its aluminium, oil & gas, power, and iron & steel businesses, which will be listed over the next 6-8 weeks, subject to regulatory approvals. As reported by CNBC TV18, CFO Ajay Goel confirmed that the group will have five listed entities by the second half of June 2026. During the price discovery session last Thursday, shares of Vedanta had settled at ₹289.5 during the price discovery session, with the stock closing 6% below those levels. The listing dates for the four newly demerged companies on the BSE and NSE have not been announced yet, though Nuvama Institutional Equities indicates these entities are likely to debut on the exchanges in June 2026.
The Anil Agarwal-led group reported robust Q4 performance with a 92% year-on-year jump in consolidated net profit to ₹6,698 crore for the January to March quarter of FY26, compared with ₹3,483 crore a year ago. Revenue from operations rose 47% YoY to ₹24,609 crore during the same period, as reported by The Economic Times. This strong financial performance has provided additional support to investor sentiment following the demerger announcement.
According to The Economic Times, Nuvama Institutional Equities has set a target price of ₹336 per share for the demerged Vedanta, indicating an upside of over 21% from its opening price of ₹272. However, analysts caution that the demerger has made Vedanta a more focused entity but also more concentrated in nature. As noted by Harshal Dasani from INVasset PMS, the company's value is largely tied to businesses such as Hindustan Zinc, base metals, semiconductors, display and stainless steel. While existing shareholders may gain from the clearer structure, fresh investors are advised to wait for better price discovery before taking strong positions.
Goel outlined the company's debt reduction plans, stating that over the next three years, Vedanta will bring down the net debt to $3 billion at the parent level. According to CNBC TV18, he also highlighted the benefits of rupee weakness, noting that every one rupee weakness against the greenback contributes to an EBITDA benefit of ₹1,000 crore. Shares of Vedanta are currently trading 6% higher at ₹287.75, around the ex-demerger discovery price, though they are off the opening highs.
