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After Vedanta demerger, 4 companies listed in the stock market, power share rose, 3 saw decline.
Business

After Vedanta demerger, 4 companies listed in the stock market, power share rose, 3 saw decline.

me.sumitji@gmail.com 15 Jun 2026 9 hours ago

After the demerger of Vedanta Group led by veteran businessman Anil Agarwal, Vedanta Power has officially entered the stock market. This share is listed at Rs 41.80 on National Stock Exchange (NSE) and Rs 41.30 on Bombay Stock Exchange (BSE). For a long time, investors were waiting for this day when trading of shares of new companies separated from Vedanta would start. At the time of listing, the total market capitalization (market cap) of this small-cap company has been recorded at Rs 16,149.90 crore.
The listing was very close to the estimate
Market experts and analysts were already expecting that shares of Vedanta Power could be listed in the range of Rs 35 to Rs 60. Brokerage firms like Nuvama had estimated its market cap at Rs 17,466 crore. Today’s listing around Rs 42 makes it clear that the market’s forecast was accurate to a large extent. In the initial phase, this stock has been placed in the ‘Trade-to-Trade’ (T2T) segment. This means that whatever purchase or sale will be made in this share now, delivery will have to be taken compulsorily. According to market rules, this step is taken to curb betting.
Company’s strong influence in power sector
Vedanta Power has more than 4 gigawatt (GW) of installed power capacity strategically located in four different states of the country. This includes 1,980 MW thermal plant at Talwandi Sabo in Punjab, 1,000 MW thermal plant at Meenakshi Energy in Andhra Pradesh and 600 MW thermal plant at Jharsuguda in Odisha. Along with this, a 600 MW plant is in running condition in Sakti, Chhattisgarh, while the work of 600 MW is still in the final stage. The company has entered into long term agreements with the power departments of the states. Agreements (PPA) have also been made. The company aims to be among the top three private thermal power companies of India by FY 2033.
There was pressure in three stocks and strength in one.
Shares of four companies separated under the much-awaited demerger of Vedanta Limited were listed in the stock market on June 15. These include Vedanta Aluminum Metal, Vedanta Iron and Steel, Vedanta Oil and Gas and Vedanta Power. After the demerger, the base metal business will still remain with Vedanta Limited, which is already listed in the stock exchange. The performance of shares of new companies was mixed on the day of listing, where selling was seen in three companies.

After Vedanta demerger, 4 companies listed in the stock market, power share rose, 3 saw decline.

Vedanta Oil & Gas- Shares of Vedanta Oil & Gas were listed at Rs 39 on BSE and Rs 38 on NSE. But as soon as the market opened, selling increased and the stock fell by about 5 percent. After this, lower circuit was reached at the level of Rs 37.05 on BSE and Rs 36.10 on NSE. The market cap of the company is more than Rs 14,400 crore, while the face value of the share is Rs 1.
Vedanta Aluminum Metal- Shares of Vedanta Aluminum Metal were listed at Rs 527 on BSE and Rs 522 on NSE. However, investor sentiment remained weak and the stock fell by 5 percent. Due to this, it reached lower circuit at Rs 500.65 on BSE and Rs 495.90 on NSE. The market cap of the company is more than Rs 1.95 lakh crore. Its face value is Rs 1 per share.
Vedanta Iron & Steel- Shares of Vedanta Iron & Steel were listed at Rs 22.25 on BSE and Rs 20 on NSE. After listing, there was a lot of ups and downs in the stock. It fell by about 12 percent to Rs 19.60 on BSE. The share slipped to a low of Rs 19.06 on NSE, but later recovered due to return of buying. It was seen and it reached a high of Rs 21.06. The market cap of the company is more than Rs 8,200 crore and the face value is Rs 1 per share.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.

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