Shares of metal and mining conglomerate Vedanta Ltd. saw an increase of over 3% on Monday, reaching Rs 318.60, as four of its demerged group entities prepared for their independent listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The listing of Vedanta Aluminium Metal (VAML), Vedanta Oil and Gas (VOGL), Vedanta Power, and Vedanta Iron and Steel (VISL) is a significant development for the conglomerate.
The stock opened 3% higher, pushing the firm's market capitalization to Rs 1.22 lakh crore. Over 3.34 lakh shares were traded, amounting to a turnover of Rs 10.50 crore early in the session. This surge comes despite the stock trading near an oversold zone, with its Relative Strength Index (RSI) at 32.
Recent Performance and Analyst Outlook
Vedanta shares have demonstrated robust long-term growth, rising 26% in the last three months and 45% year-to-date. Over the past year, the stock has gained 90%, with a remarkable 210% increase over three years and 626% over ten years. However, the stock has fallen 13% from its 52-week high of Rs 360.70, recorded on May 29, 2026.
Analysts are closely watching Vedanta's trajectory. Jigar S Patel, from Anand Rathi, suggests that a decisive breakout above Rs 340 could pave the way for the stock to reach Rs 350. He forecasts the short-term trading range to be between Rs 320 and Rs 350.
Similarly, Virat Jagad, Senior Technical Research Analyst at Bonanza, believes the stock is well-positioned to advance towards the Rs 350-365 zone in the near term. He identifies immediate support for the stock around the Rs 300-305 level, should any corrective decline occur.
The Demerger Strategy
The strategic demerger aims to unlock value for shareholders by creating distinct listed entities focused on specific business segments. This move is expected to provide greater operational flexibility and allow each entity to pursue its growth strategies independently, potentially attracting more specialized investors.