Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?

Vedanta Iron and Steel shares snapped a five-session losing streak, which began after the stock surged 113% in just 13 days since listing on June 15. Vedanta Power and Vedanta Oil and Gas shares are meanwhile extending gains.

The four Vedanta Group stocks 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.

Vedanta Iron and Steel share price

Vedanta Iron and Steel shares listed at Rs 20 apiece on June 15. The stock then rapidly jumped 113% in just 13 sessions, before the rally lost steam. The stock tumbled around 23% during the five-session losing streak.

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The stock, however, rebounded 5% today to remain locked in the upper circuit at Rs 34.68 apiece on NSE. The company currently has a market capitalisation of more than Rs 13,561 crore.

Earlier this week, Vedanta Iron & Steel 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 Iron & Steel’s 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, meanwhile, rose 4% YoY to 582,000 tonnes during the quarter under review.Also Read | JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks

Vedanta Oil & Gas share price

Vedanta Oil and Gas debuted at Rs 38 apiece on June 15. The stock then jumped more than 25% to hit a record high at Rs 47.60 apiece earlier this month. However, it then sharply declined.

Vedanta Oil & Gas shares rebounded this week, rising 12% over three sessions to hit an intraday high of Rs 40.24 apiece on NSE on Friday morning. The company currently has a market capitalisation of nearly Rs 15,420 crore.

The company last week 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 share price

Vedanta Power shares jumped more than 3% to trade at Rs 42.58 apiece on NSE on Friday morning. The shares of the company listed at Rs 41.80 apiece on NSE on June 15. The stock has so far only gained nearly 2% 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.

Vedanta Aluminium share price

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. The shares of the company jumped around 4% today to trade at Rs 459.4 apiece. However, shares of the company have dropped 12% since listing.

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.

Motilal Oswal sees 22% upside in this Vedanta stock

Motilal Oswal Financial Services initiated coverage on the shares of Vedanta Aluminum with a ‘Buy’ rating and a target price of Rs 540 per share, implying an upside potential of around 22% from the stock’s previous closing price, as the domestic brokerage forecast strong earnings growth and cash flow generation over the medium term.

The domestic brokerage in its note called the company India’s largest pure-play primary aluminum company and the third-largest aluminum producer globally, excluding China. It said the company has emerged as one of the most compelling structural stories in the global aluminum space, combining industry-leading scale, extensive backward integration, and a multi-year earnings growth trajectory.

Also Read | Vedanta Aluminum shares to see 22% rally? Motilal Oswal initiates coverage with Buy, lists key tailwinds

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