Vedanta shares have declined over 22% for the month of June 2026, marking the worst monthly performance in four years for the mining conglomerate. According to CNBC TV18, this represents a dramatic reversal from the nearly 30% gains seen in May 2026, which had been the best month for the stock in the last two years. The latest decline of 3% on Thursday, June 25, came in line with broader metal stock weakness due to a stronger US Dollar Index crossing the 101.5 mark, which reduces purchasing power for metal buyers. With two trading sessions remaining in June, the stock is approaching oversold territory with its Relative Strength Index (RSI) showing a reading close to 33, below the 30 level that indicates oversold conditions.
Vedanta shares declined about 6% from their intraday high as approximately 7.3 crore shares were traded at ₹292 per share, worth about ₹2,149 crore. As of 23 June 2026, 12:16 PM IST, the company's shares were trading even lower at ₹282, down 7.82%. The market reaction came after reports suggested that Twin Star Holdings, the company's biggest promoter shareholder, may have offloaded its stake through a sizeable block deal. The shares involved in the transaction represent approximately 1.7% of Vedanta's outstanding equity, with earlier reports indicating Twin Star could sell up to 6.5 crore shares through block deals at a floor price of ₹291 per share, representing a discount of nearly 4.9% to the stock's previous closing price. As per The Economic Times, Twin Star Holdings is Vedanta's largest promoter shareholder, holding a 40% stake in the company as of March 31, 2026, while the overall promoter group owned 56.38% of Vedanta at the end of the March quarter.
Vedanta shares have broken below key technical levels, with the stock closing below its 50-Day Moving Average of ₹307 and 100-Day Moving Average of ₹283. According to CNBC TV18, the next downside target is the 200-Day Moving Average at ₹240 levels. Despite the technical weakness, Group Chairman Anil Agarwal told CNBC-TV18 that he does not mind paring stake as long as the company continues to grow and do well. The company recently incorporated a new wholly-owned subsidiary, Vedanta Property Platforms Ltd., which will serve as a strategic platform for real estate business and ancillary activities.
Despite Vedanta's parent stock decline, the company's newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi's bullish outlook. Among the demerged entities, Vedanta Oil & Gas hit its 5% upper circuit at ₹36.40 on the BSE, while Vedanta Power was also locked in the 5% upper circuit band at ₹45.25. Vedanta Iron & Steel, the best-performing stock among the spun-off businesses since listing, extended its winning streak to a sixth straight session and traded at its 5% upper circuit limit of ₹28.10. In contrast, Vedanta Aluminium Metal, often regarded as the group's crown jewel, declined 3.3% to ₹464.
Group Chairman Anil Agarwal is aiming for a combined EBITDA of $10 billion in the coming years, led by a $20 billion capex program. As reported by CNBC TV18, Agarwal indicated that the funding will be done through a combination of equity, debt and internal accruals. The company recently completed the demerger of its Aluminum, Power, Oil & Gas, and Iron & Steel divisions, with the returns seen in May during the first full month that the stock traded without its demerged entities. The new entities recently made their stock market debut, providing a fresh catalyst for growth despite the current market challenges facing the parent company.
