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Wed, 30 Sept 2026
08:03:28 pm
Wed, 30 Sept 2026
08:03:28 pm
Rudransh Sangwan
Published at: July 2, 2026, 1:29 PM
Synopsis
Vedanta Iron & Steel shares have rallied 113% in just 13 trading sessions since listing at ₹20 following Vedanta's mega demerger. Here's what is driving the stock's remarkable performance.
Vedanta Iron & Steel has emerged as one of the biggest wealth creators on Dalal Street after its stock surged over 113% in just 13 trading sessions since listing. The rally follows Vedanta Ltd.'s landmark demerger, which unlocked four independently listed businesses, with Vedanta Iron & Steel standing out as the best-performing entity so far.
Listed at ₹20 per share on the NSE on 15 June 2026, the stock has climbed to ₹42.65, more than doubling investors' money in less than three weeks. The sharp rally has also pushed the company's market capitalisation from ₹7,821 crore at listing to ₹16,677.81 crore, highlighting strong investor interest in the newly listed metals company.
The rally has been supported by sustained buying interest, a series of upper circuits, and institutional participation, making Vedanta Iron & Steel one of the most closely watched newly listed stocks in the market.
| Particulars | Details |
|---|---|
| Company | Vedanta Iron & Steel |
| Listing Date | 15 June 2026 |
| Listing Price | ₹20 per share |
| Current Price | ₹42.65 |
| Returns Since Listing | 113% |
| Trading Sessions | 13 |
| Market Cap at Listing | ₹7,821 Crore |
| Current Market Cap | ₹16,677.81 Crore |
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Several factors have contributed to the stock's remarkable performance since its listing.
One of the biggest triggers came after Premji Invest's PI Opportunities AIF V LLP acquired nearly 4.84 crore shares worth approximately ₹102 crore through a bulk deal shortly after the listing. The shares were purchased at ₹21.02 apiece, boosting investor confidence in the company's long-term prospects.
The stock has witnessed relentless buying pressure since listing.
Vedanta Iron & Steel was created as part of Vedanta Ltd.'s mega demerger, one of the largest corporate restructuring exercises in India's metals and mining sector.
The company operates across India and Africa and has businesses spanning:
Its diversified portfolio gives the company exposure across the steel and mining value chain.
Following the rapid surge in the share price, stock exchanges sought clarification from the company regarding the significant movement.
Vedanta Iron & Steel responded that there was no undisclosed material event, announcement, or information that could explain the recent rally, indicating that the price movement was driven primarily by market demand.
While Vedanta Iron & Steel has been the standout performer, the other newly listed Vedanta businesses have delivered mixed returns.
| Company | Recent Performance |
|---|---|
| Vedanta Iron & Steel | Up 113% since listing |
| Vedanta Aluminium | Down nearly 10% since listing despite recent gains |
| Vedanta Oil & Gas | Gained sharply after receiving ICRA AA+ (Stable) rating |
| Vedanta Power | Posted healthy gains in recent sessions |
The exceptional rally has made Vedanta Iron & Steel one of the most discussed newly listed companies on Dalal Street.
Key factors attracting investors include:
However, investors should also monitor valuation levels and future earnings performance as the stock continues to trade at elevated levels following its sharp rally.
| Highlights | Details |
|---|---|
| Listing Price | ₹20 |
| Current Price | ₹42.65 |
| Returns | 113% in 13 trading sessions |
| Market Cap Growth | ₹7,821 Cr to ₹16,677.81 Cr |
| Major Investor | Premji Invest's PI Opportunities AIF V LLP |
| Business | Iron ore mining, steel, TMT bars, DI pipes, ferro alloys |
The stock has surged 113%, rising from its listing price of ₹20 to ₹42.65 in just 13 trading sessions.
The company was listed on the NSE on 15 June 2026 following Vedanta Ltd.'s mega demerger.
The rally was supported by strong institutional buying, repeated upper circuits, and positive investor sentiment following the company's listing.
The company is engaged in iron ore exploration, mining, steel manufacturing, and the production of products including TMT bars, wire rods, pig iron, ductile iron pipes, ferro-silicon, cement, and metallurgical coke.
Yes. The company informed stock exchanges that there was no undisclosed material event or announcement behind the recent surge in its share price.
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