Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?

Shares of Vedanta's demerged entities — Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel — fell up to 8% on profit-taking, with Vedanta Power dropping 8% to Rs 44.82 and Vedanta Oil & Gas sliding 7% to Rs 41.34. Vedanta Iron & Steel snapped a 13-session rally that had delivered 113% gains, slipping 4% to Rs 40.84. Only Vedanta Aluminium Metal bucked the trend, rising 2% to Rs 471, with Emkay initiating Buy coverage at a Rs 550 target and Citi reiterating its top pick status with a Rs 560 target.