HighNeutral
Announced Tue, 16 Jun · 11:01 IST

Vedanta Aluminium, Oil & Gas and Power shares fall up to 5% on Day 2. What should investors do?

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Following Vedanta's landmark demerger, shares of the newly listed Vedanta Aluminium, Vedanta Oil & Gas, and Vedanta Power fell up to 5% on Day 2 of trading, hitting lower circuits. Vedanta Aluminium debuted with the largest market cap of ~Rs 2.06 lakh crore among the four demerged entities, and the combined market cap of the split companies rose 67% to Rs 3.5 lakh crore. Brokerages including ICICI Securities and Ashika Capital favour Vedanta Aluminium as the group's 'crown jewel' citing scale, integrated operations, and a planned capacity expansion to 60 lakh tonnes per annum with Rs 13,226 crore capex by FY28, while valuations for the Oil & Gas and Power entities remain divided across brokerages.