Summary:
Vedanta's demerged companies continued their rally after exiting the T2T segment, with Vedanta Iron & Steel soaring over 113% since listing. Strong investor interest, improved liquidity, and positive growth outlooks supported gains across the demerged entities.
Four demerged companies of Vedanta Limited, Vedanta Aluminium, Vedanta Iron & Steel, Vedanta Oil and Gas, and Vedanta Power have continued their good performance trend on July 2, making gains for two sessions in succession after being delisted from the Trade-to-Trade (T2T) category on June 30.
The demerging of the stocks from the T2T system has facilitated intraday trading for the first time ever since these shares were listed, adding volatility to the shares. These stocks were listed on June 15 and had been put in the T2T scheme for the first ten sessions.
Sharp gains led by Vedanta Iron & Steel
From among all companies, Vedanta Iron & Steel stood out as the best performing company, posting an uninterrupted string of 12 consecutive days gains. The company stock reached the upper 10% circuit level of ₹42.65 on NSE and has rallied over 113% from its listing price of ₹20 on NSE and ₹22.25 on BSE.
This rally was backed by strong buyer interest and institutional participation as well. As per one bulk trade, shares worth ₹101.68 crore have been bought at ₹21.02 per share after listing through Premji Invest-backed PI Opportunities AIF V LLP.
In spite of a sharp up move, Vedanta stated that there was no undisclosed material information which triggered such price action.
Strong momentum across Vedanta demerged companies
Vedanta Oil & Gas stocks also performed very well, recording a growth of 8.9% to reach ₹42.15 on July 1 and then reaching a new high of ₹44.05 as more than 13% gains were witnessed later. The stock was also accorded ICRA AA+ (Stable) rating, backed by a solid production base of 87,200 boepd in FY2026, along with some significant blocks such as Rajasthan (RJ-ON90/1), Ravva, and Cambay.
Vedanta Power recorded gains of 5%-8%, hitting a lifetime high of ₹47.78. In FY26, Vedanta's coal-based capacity is expected to be 4.2 GW that will grow to 4.8 GW in FY27E, registering a Y-o-Y increase of 14%. Further, by FY33, the company will grow its capacity to 12 GW, indicating a CAGR of 16% for FY27-FY33E.
VEDANTA ALUMINIUM Ltd saw its share price rise by approximately 1.4% - 4% to ₹459.6 - ₹469.45 in intra-day trading. There is still much optimism about the future of the company’s stock; Citibank has provided a Buy recommendation with a target of ₹560, whereas Kotak Institutional Equities estimates fair value at ₹600, suggesting a potential appreciation of 30%.
Sector view
Vedanta Oil and Gas is focusing on an outsourcing-led exploration model across seismic, subsurface evaluation, drilling, and field development to improve efficiency and output.
Meanwhile, Vedanta Power aims to become one of the top three private thermal power producers in India by FY33, backed by aggressive capacity expansion plans.
Overall, the demerged Vedanta entities continue to attract strong investor interest, with liquidity expansion after exiting T2T acting as a key near-term catalyst.
