Missed Vedanta's buy 1 get 4 offer? Which spun-off stock to buy after listing today
Awaiting price reaction for this filing.
Vedanta's demerger into four entities — Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel — is being viewed positively by brokerages who see significant value unlocking through simplified corporate structure and direct commodity exposure. ICICI Securities, SBI Securities, and ICICI Direct are most bullish on Vedanta Aluminium Metal, calling it the group's 'crown jewel,' with fair value estimates of Rs 400-489 per share, citing capacity expansion, elevated LME aluminium prices, and global supply deficit potential. Vedanta Power is valued at Rs 35-60 per share and Vedanta Oil & Gas at around Rs 42, while Nuvama expects Aluminium and the parent to remain large-caps with the others entering as small-caps.