Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?

Vedanta group stocks including Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel rebounded sharply, with Iron & Steel snapping a five-session losing streak and rising 5% to Rs 34.68. The surge comes as these four entities completed one of India's biggest corporate demergers in metals and mining, listing on June 15. Motilal Oswal initiated coverage on Vedanta Aluminium with a Buy rating and Rs 540 target, citing around 22% upside potential, while Q1 FY27 production data was mixed — power sales rose 38% YoY but oil and gas output fell 17% YoY.