Should investors buy the dip in Vedanta shares after 9% slide? Analysts weigh in

Vedanta shares slid around 9% after promoter group entity Twin Star Holdings offloaded shares via a block deal, with the transaction amounting to about 1.7% of the company's outstanding equity. The promoter group still held a 56.38% stake as of the March quarter, with Twin Star alone owning 40%. Technical analysts flagged a breakdown below the Rs 288-290 support zone, with immediate resistance at Rs 295-300 and support near Rs 279-280, suggesting bearish near-term momentum despite the long-term trend staying above the 200-day moving average near Rs 240.