Vedanta Aluminium to Vedanta Power: How Demerger Stocks Fared In Their 1st Week Post 1-to-5 Split?

Vedanta Demerger: The listing of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel completed one of India's closely watched corporate restructurings last Monday. As the listing turned Anil Agarwal's Vedanta Limited into five independently traded pure-play entities, the market's opening verdict was clear: Vedanta Aluminium emerged as the star performer with its 337% premium listing over demerged prices.

Fast forward to Friday, and the picture has begun to change. Vedanta Aluminium appears to be losing its momentum as the stock is down nearly 13% from its listing price. Shares of Vedanta Power and Vedanta Oil & Gas also edged lower due to sector-specific headwinds. The parent Vedanta Limited also witnessed weakness over the period.

However, Vedanta Iron & Steel, the smallest and the least hyped of the four, is defying the trend as it has surged 21% in five trading sessions. As Vedanta stocks complete their first week of trading, here's a recap of how all five entities performed over the period and what lies ahead.

Company	Symbol	Mon Open (Jun 15) (₹)	Listing Price (Jun 15) (₹)	Fri Close (Jun 19) (₹)	52-Week Low (₹)	52-Week High (₹)	Change vs Listing
Vedanta Aluminium Metal	NSE: VAML	—	522.00	462.99	443.00	537.00	-11.3%
Vedanta Power	NSE: VEDPOWER	—	41.80	41.03	39.00	43.89	-1.8%
Vedanta Oil & Gas	NSE: VOGL	—	38.00	30.42	30.42	38.00	-19.9%
Vedanta Iron & Steel	NSE: VISL	—	20.00	24.37	19.06	24.37	+21.9%
Vedanta Ltd (Parent)	NSE: VEDL	313.95	313.95	300.40	157.17	360.00	-4.3%

Vedanta Aluminium

Vedana Aluminium share price listed at Rs 522 per share on NSE and at Rs 527 per share on BSE on Monday, June 15. The stock saw steep crash mid-week, followed by some recovery. It closed at Rs 460 per share on NSE on Friday, June 19. The stock has declined nearly 11% so far due to its stellar listing. Profit booking and weaker aluminium prices contributed in Vedanta Aluminium's decline.

"The near-term share price outlook appears supportive if aluminium prices remain firm and cost discipline holds, but after the initial listing excitement, the stock will have to earn its premium through delivery rather than structure alone," explained Harshal Dasani, Business Head, INVasset PMS.

Vedanta Oil & Gas

While Vedanta Aluminium remained in the spotlight for its stellar debut and steep decline, Vedanta Oil & Gas emerged as the real loser. The stock value has declined nearly 19% over the week as crude oil price weakness weighed investors' sentiment. The stock closed 4.98% higher at Rs 32.88 per share on NSE on Friday after listing at Rs 36.01 per share on Monday.

Vedanta Power

Vedanta Power share price closed 3.63% higher at Rs 42 per share on Friday. The stock had listed at Rs 41.8 per share on Monday.

Vedanta Iron & Steel

Vedanta Iron & Steel share price closed 4.97% higher at Rs 25.57 per share on NSE on Friday. The stock had listed at 20 per share on Monday.

Vedanta Limited

Vedanta's share price value has declined by close to 2.89% in five days. The stock closed 1.73% lower at Rs 300.7 per share on NSE on Friday.

"The residual Vedanta entity is undergoing technical index adjustments-such as its scheduled deletion from the MSCI Global Standard Indexes on June 22 due to a lower post-split market capitalisation-the current ex-demerger stock price presents a highly attractive entry point for investors focused on a mining leader, surrounded by specialised listed businesses already commanding independent premium valuations," explained Nishchal Jain, Quant Researcher, Share.Market by PhonePe.