Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?

Vedanta Aluminium shares fell for a third straight session, hitting the 5% lower circuit and extending post-listing losses to about 14%. The stock, which debuted at Rs 522 per share on Monday, has shed over Rs 29,000 crore in market value, with market cap falling from above Rs 2 lakh crore to around Rs 1.75 lakh crore. Analysts had described the newly listed aluminium business as Vedanta's crown jewel despite the sharp decline.