Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.
Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.
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Shares of Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, which were recently spun off from Vedanta following the demerger, surged up to 5% on Tuesday, extending their winning streak to six consecutive sessions.Among the demerged entities, Vedanta Oil & Gas hit its 5% upper circuit at Rs 36.40 on the BSE, while Vedanta Power was also locked in the 5% upper circuit band at Rs 45.25. Vedanta Iron & Steel, the best-performing stock among the spun-off businesses since lis…
Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.
