Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?

Shares of four Vedanta demerged entities — Iron & Steel, Aluminium, Oil & Gas, and Power — declined up to 5% as investors booked profits after sharp post-listing rallies. Vedanta Iron & Steel, which surged 113% in 13 sessions after debut following a Rs 101.68 crore bulk deal by Premji Invest, has now corrected over 18% from its record high of Rs 44.78. Vedanta Aluminium fell 12% since listing despite record Q1 FY27 aluminium production of 6.32 lakh tonnes (up 5% YoY), while Vedanta Oil & Gas slipped about 2% on a 17% YoY drop in production to 7.1 million boe, and Vedanta Power edged up just 1% despite 38% YoY growth in power sales to 5,225 million units.