Vedanta Iron and Steel to Vedanta Oil and Gas, Vedanta Power: How Anil Agarwal's demerged stocks are performing
New Delhi, July 10 -- Shares of Vedanta Ltd and its demerged entities were in focus on Thursday after the companies released their production updates for the June quarter, giving investors fresh insights into the performance of each business following the group's landmark demerger. While Vedanta Ltd gained modestly, stronger moves were seen in some of its newly listed entities, with Vedanta Oil & Gas emerging as the top gainer.
Vedanta shares rose 2% to Rs.276.70 on the BSE during the session, although the stock remains down 8% over the past one month. Among the demerged entities, Vedanta Aluminium climbed 3.4% to Rs.459.75, Vedanta Power gained 4% to Rs.42.74, Vedanta Iron & Steel hit its 5% upper circuit at Rs.34.68, while Vedanta Oil ...
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