All four recently-demerged Vedanta Group stocks recorded sharp gains on Friday, with Vedanta Iron and Steel shares jumping 5% to hit the upper circuit and Vedanta Oil and Gas shares surging more than 6%. According to The Economic Times, the rally extends recent positive momentum across the demerged entities that debuted on stock exchanges on June 15, concluding the mega demerger that marked one of the biggest corporate restructurings in India's metals and mining space. The stocks had previously struggled after their debut, with Vedanta Iron & Steel snapping a five-session losing streak that began after the stock's initial surge of 113% in just 13 days since listing.
Vedanta Iron & Steel shares rebounded 5% to remain locked in the upper circuit at ₹34.68 apiece on Friday, with the company currently maintaining a market capitalisation of more than ₹13,561 crore. As reported by The Economic Times, the stock had previously tumbled around 23% during the five-session losing streak after its initial surge. The company reported a 4% year-on-year rise in saleable iron ore production to 2.6 million DMT in Q1 FY27, though sequential production fell 3% from 2.7 million DMT in Q4 FY26. The Karnataka plant saw a 46% YoY drop in saleable iron ore production, while the Goa and Odisha plants recorded 166% and 59% surges in output, respectively. Overall steel production rose 4% YoY to 582,000 tonnes during the quarter.
Vedanta Oil and Gas shares rebounded this week, rising 12% over three sessions to hit an intraday high of ₹40.24 apiece on Friday morning, with the company currently maintaining a market capitalisation of nearly ₹15,420 crore. According to The Economic Times, the stock had previously jumped more than 25% to hit a record high at ₹47.60 apiece earlier this month before declining sharply. The company last week reported a 17% year-on-year decline in gross oil and gas production to 7.1 million boe for Q1 FY27, down from 8.5 million boe in the corresponding quarter of the previous financial year. Sequentially, gross output also declined about 4% from 7.3 million boe reported in Q4 FY26.
Vedanta Power shares jumped more than 3% to trade at ₹42.58 apiece on Friday morning, with the stock having listed at ₹41.80 apiece on June 15. As reported by The Economic Times, the company reported power sales grew 38% YoY to 5,225 million units in Q1 FY27 from 3,784 million units in Q1 FY26, though sequential sales fell 6% from 5,530 million units in Q4 FY26. Vedanta Aluminium shares jumped around 4% to trade at ₹459.4 apiece, having previously dropped 12% since listing despite debuting as the only largecap stock at ₹522 apiece. The company reported its highest-ever quarterly aluminium production of 6.32 lakh tonnes in Q1 FY27, marking a 5% YoY and 3% quarter-on-quarter increase, while power sales at BALCO rose 21% YoY to 520 million units.
Motilal Oswal Financial Services initiated coverage on Vedanta Aluminium with a 'Buy' rating and target price of ₹540 per share, implying an upside potential of around 22% from the stock's previous closing price. According to The Economic Times, the domestic brokerage called the company India's largest pure-play primary aluminium company and the third-largest aluminum producer globally, excluding China. The brokerage noted that the company has emerged as one of the most compelling structural stories in the global aluminium space, combining industry-leading scale, extensive backward integration, and a multi-year earnings growth trajectory. Multiple brokerages maintain positive outlooks on Vedanta Aluminium, with CLSA having initiated coverage with an Outperform rating and target price of ₹540, while Citi named the company its top Indian metals pick with a Buy rating and target price of ₹560.
