Vedanta Aluminium lists at Rs 527 on BSE after demerger. Is it the group’s new crown jewel?

Vedanta Aluminium debuted at Rs 527 on BSE and Rs 522 on NSE following its demerger from parent Vedanta, surpassing analyst estimates of Rs 398-489. The stock's market capitalisation at debut stood at Rs 2.06 lakh crore, exceeding parent Vedanta's own market cap and making it the only large-cap among the four Vedanta Group entities listed on Dalal Street. Brokerages ICICI Direct and ICICI Securities remain bullish, citing strong margins, tight global aluminium supply, and elevated prices, with ICICI Securities pegging fair value at Rs 398 per share.