Vedanta Iron shares jump 54% in two weeks; time to book profits?
Vedanta's demerger process has been completed with the listing of four separate entities -- Vedanta Iron, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, and Vedanta Power Ltd. Along with Vedanta, the conglomerate now has five listed companies.
- Jun 29, 2026,
- Updated Jun 29, 2026 3:20 PM IST
Shares of Vedanta Iron and Steel Ltd, one of the four newly listed entities carved out of Vedanta Ltd under its demerger plan, continued their rally for the ninth consecutive session on Monday. The stock climbed 4.85 per cent to hit a record high Rs 32.45, taking its two-week gain to 54.16 per cent. It was listed on June 15.
Market participants are still evaluating the standalone value of each of the new entities following the demerger, said expert Arun Kejriwal, while adding that one needs to wait for at least one quarter of financial results to determine how these newly listed companies stack up.
Echoing a similar view, Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, stated, "For any kind of serious investment decision, I prefer to wait for a couple of quarters and monitor how the results pan out." For those willing to enter, a 'buy-on-dips' strategy would be the way to go, he added.
From a technical perspective, AR Ramachandran, a Sebi-registered research analyst at Tips2trades, noted, "Vedanta Iron is bullish but also overbought on intraday charts with next resistance at Rs 34.8. Investors should keep booking profits as a daily close below the support of Rs 30.72 could trigger a fall towards Rs 27 in the near term."
Ravi Singh, Chief Research Officer at Master Capital Services, said the stock has witnessed a stellar rally since its recent listing and could climb to the Rs 35 level in the near term.
Vedanta Iron is a fully integrated iron and steel company with operations spanning India and Africa. Formed through the integration of businesses such as Sesa Iron Ore, ESL Steel Ltd and Western Cluster Ltd, the company has a presence across the iron ore and steel value chain, covering exploration, mining, processing and manufacturing. Its product portfolio includes steel, wire rods, TMT bars, pig iron, ductile iron (DI) pipes, ferro-silicon, cement and metallurgical coke.
Meanwhile, Vedanta's demerger process has been completed with the listing of four separate entities -- Vedanta Iron, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, and Vedanta Power Ltd. Along with Vedanta, the conglomerate now has five listed companies.
"Each of the five sectors is exciting and holds tremendous potential. We remain committed to being a dividend-paying entity and creating value for all the companies," said Anil Agarwal, Founder and Chairman of Vedanta Group.
Highlighting the opportunities in India, Agarwal said the group plans to invest $20 billion over the next five years. "Each of these companies has the potential to reach $100 billion in revenue," he added.
Shares of Vedanta Iron and Steel Ltd, one of the four newly listed entities carved out of Vedanta Ltd under its demerger plan, continued their rally for the ninth consecutive session on Monday. The stock climbed 4.85 per cent to hit a record high Rs 32.45, taking its two-week gain to 54.16 per cent. It was listed on June 15.
Market participants are still evaluating the standalone value of each of the new entities following the demerger, said expert Arun Kejriwal, while adding that one needs to wait for at least one quarter of financial results to determine how these newly listed companies stack up.
Echoing a similar view, Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, stated, "For any kind of serious investment decision, I prefer to wait for a couple of quarters and monitor how the results pan out." For those willing to enter, a 'buy-on-dips' strategy would be the way to go, he added.
From a technical perspective, AR Ramachandran, a Sebi-registered research analyst at Tips2trades, noted, "Vedanta Iron is bullish but also overbought on intraday charts with next resistance at Rs 34.8. Investors should keep booking profits as a daily close below the support of Rs 30.72 could trigger a fall towards Rs 27 in the near term."
Ravi Singh, Chief Research Officer at Master Capital Services, said the stock has witnessed a stellar rally since its recent listing and could climb to the Rs 35 level in the near term.
Vedanta Iron is a fully integrated iron and steel company with operations spanning India and Africa. Formed through the integration of businesses such as Sesa Iron Ore, ESL Steel Ltd and Western Cluster Ltd, the company has a presence across the iron ore and steel value chain, covering exploration, mining, processing and manufacturing. Its product portfolio includes steel, wire rods, TMT bars, pig iron, ductile iron (DI) pipes, ferro-silicon, cement and metallurgical coke.
Meanwhile, Vedanta's demerger process has been completed with the listing of four separate entities -- Vedanta Iron, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, and Vedanta Power Ltd. Along with Vedanta, the conglomerate now has five listed companies.
"Each of the five sectors is exciting and holds tremendous potential. We remain committed to being a dividend-paying entity and creating value for all the companies," said Anil Agarwal, Founder and Chairman of Vedanta Group.
Highlighting the opportunities in India, Agarwal said the group plans to invest $20 billion over the next five years. "Each of these companies has the potential to reach $100 billion in revenue," he added.