Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?

Shares of all four recently-listed Vedanta stocks tumbled up to 5% on Tuesday morning, extending losses and wiping off some of the gains recorded during the sharp rally seen after their listings that concluded the mega Vedanta demerger in June.

While analysts screamed ‘Buy’ on Vedanta Aluminium shares after the debut, the smallcap counter of Vedanta Iron and Steel quietly began to surge. The sharp rally in Vedanta Iron and Steel shares intensified after Azim Premji-backed Premji Invest’s PI Opportunities AIF V LLP bought shares worth Rs 102 crore after the stock’s market debut. PI Opportunities AIF V LLP, an investment arm of Premji Invest, which is owned by Indian billionaire businessman and Wipro Chairman Azim Premji, bought nearly 4.84 crore shares worth Rs 101.68 crore at Rs 21.02 apiece through a bulk deal.

The stock rapidly surged 113% in just 13 sessions since market debut. The company’s market capitalisation also more than doubled to Rs 16,677.81 crore, before the rally lost steam. After hitting a record high of Rs 44.78 apiece on Friday, the stock has now fallen more than 18%.

Also Read | 113% returns in 13 days! How Vedanta Iron and Steel shares made investors richer since listing

The company on Friday reported a 4% YoY rise in saleable iron ore production to 2.6 million DMT in the first quarter of FY27. Sequentially, however, production fell 3% from 2.7 million DMT reported in the fourth quarter of FY26.

Vedanta Aluminium Metal

Vedanta Aluminium shares listed as the only largecap stock on the list, debuting at Rs 522 apiece on NSE and surpassing its parent company in terms of market capitalisation in June. However, shares of the company have dropped 12% since listing.

This comes even after the company last week 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. Power sales at BALCO rose 21% YoY to 520 million units during the quarter under review.

Also Read | Vedanta demerged companies release Q1 updates

Vedanta Oil & Gas

Vedanta Oil & Gas shares listed at Rs 38 per share on NSE on June 15 after the mega demerger. The stock has so far fallen around 2% since then.

The company on Friday reported a 17% year-on-year decline in gross oil and gas production to 7.1 million boe for the April-June quarter of FY27, 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 the fourth quarter of the previous financial year.

Vedanta Power

Vedanta Power shares listed at Rs 41.80 apiece on NSE on June 15. The stock has so far only gained a little over 1% since then. The company last week said power sales grew 38% YoY to 5,225 million units in Q1 FY27 from 3,784 million units in Q1 FY26. Sequentially, however, sales fell 6% from 5,530 million units reported in the fourth quarter of FY26.

Also Read | Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel | Which stock should you buy?

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