Vedanta demerger stocks trade mixed: Iron & Steel surges, Aluminium, Oil & Gas hit lower circuits

Shares of Vedanta Ltd and its four newly listed demerged entities traded mixed on the second day after their market debut on June 15. Vedanta Aluminium Metal (₹475.65) and Vedanta Oil & Gas (₹35.20) hit 5% lower circuits, while Vedanta Iron & Steel surged to its 5% upper circuit at ₹22.10 and Vedanta Power rose 2.3% to ₹41.90; Vedanta Ltd itself fell 1.7% to ₹297.50. The combined implied value of all five entities stood at approximately ₹933 per original Vedanta share, representing a ~20.6% premium over the pre-demerger closing price of ₹773.6 on April 29, reflecting investor approval of the conglomerate break-up under the 1:1 scheme approved by NCLT in December.