Vedanta Power, Oil & Gas, and Iron & Steel slide sharply in Friday trade JSW’s Rayalaseema integrated steel plant to boost Andhra Pradesh steel sector Tata Steel advances 40 MTPA capacity roadmap with major India expansion push Turkey wire rod exports fall 4.9% in Jan-May 2026 amid weak market demand
Vedanta’s recently demerged stocks witnessed sharp selling pressure on Friday as investors booked profits after a strong rally. Shares of Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel slipped up to 8%, raising concerns over near-term valuations after their recent gains.
Vedanta Power led the decline, while Vedanta Oil & Gas and Vedanta Iron & Steel also traded lower. The fall came after these newly listed entities delivered strong returns over multiple sessions, prompting traders to lock in gains.However, Vedanta Aluminium Metal stood out by gaining despite weakness in other group stocks. Analysts remain positive on the aluminium business due to strong global demand, cost advantages, expansion plans, and long-term growth potential from electric vehicles, infrastructure, and renewable energy sectors.
Market experts believe volatility may continue in Vedanta’s demerged shares as investors reassess valuations. For long-term investors, Vedanta Aluminium Metal is being viewed as one of the stronger plays within the group, supported by a favourable aluminium outlook and improving business fundamentals.
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