Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing

Vedanta Iron & Steel shares surged 10 percent, extending a winning streak that has taken the stock up around 70 percent since its listing on June 15, 2026. The market capitalisation has nearly doubled to about Rs 13,941 crore from the debut valuation of roughly Rs 7,821 crore, supported by Premji Invest buying shares worth Rs 102 crore soon after listing. The company, backed by nearly 4 billion tonnes of iron ore reserves, is positioning itself as an integrated steel platform expanding into ferro-silicon, ductile iron pipes, wire rods, and rebars.