Vedanta Share Price Today: The most awaited demerger of Vedanta Group led by veteran businessman Anil Agarwal has made its final entry in the stock market today. On Monday, amid the record rise of the market, 4 new demerged companies of Vedanta Group entered the stock market. However, on the very first day of listing, investors have seen a mixed response. While on one hand the group's oil company Vedanta Oil and Gas Ltd hit lower circuit immediately after listing, on the other hand Vedanta Iron and Steel Ltd emerged victorious and jumped more than 5%. Let us know which stock made profit and which made loss...
Among the companies listed after demerger, Vedanta Iron and Steel Limited had the best performance today. This stock took full advantage of the positive sentiment of the market. After debuting at ₹20, the stock gained 5.3 per cent to ₹21.06 in no time. Early investors in this block have got good returns on the very first day.
The listing of Vedanta Aluminum Metal Limited, the largest and flagship company of the group, was a success, but it could not maintain the upper levels. After being listed at ₹ 522, the stock was trading at ₹ 497.70 with a weakness of 4.7 percent at around 10:10 am. However, despite this slight decline, this company remains the first choice of investors in terms of valuation.
The group's oil and gas vertical has suffered a major setback on the very first day of listing. Shares of Vedanta Oil and Gas Limited were listed at ₹38, but soon after due to selling pressure, it hit a lower circuit of 5 per cent and came down to ₹36.10. Due to lower circuit, trading in this stock came to a halt for some time.
Vedanta Power Limited, the group's new unit in the power sector, also had a sluggish start. This share was listed at a price of ₹ 41.80, after which initial profit booking was seen. In the morning trade, it was seen trading at ₹41.00, down 1.9 percent from its listing price.
After separating these four new companies, the shares of the remaining parent company, i.e. Vedanta Limited, were also kept under watch today. After restructuring, the stock was trading at ₹305.35 with a slight decline of 0.6 percent. Experts believe that it is natural for the share price of the parent company to be readjusted after demerger.
Anil Aggarwal divided Vedanta Group's aluminium, oil & gas, power and iron-steel businesses into separate companies so that each business could operate with its own independent management team and capital allocation. Market experts believe that 'separate listing will bring transparency in the functioning of companies. Now investors will be able to invest money directly in the sector of their choice (like only metal or only oil). This will reduce the 'Conglomerate Discount', which will strengthen Vedanta's valuation in the long term.
Amidst this turmoil in Vedanta's shares, a tremendous rise is being seen in the stock market. In morning trade, BSE Sensex was trading with a gain of 1,080 points (1.4%) and NSE Nifty was trading with a gain of 320 points (1.35%). The reason behind this rise in the market is the news of a Tentative Peace Agreement between America and Iran, due to which there has been a huge fall in the prices of crude oil and the concern about inflation has reduced.
Disclaimer: The information given in this article is for informational purposes only and should not be taken as investment advice. Investing in the stock market is subject to risks. Before investing money in any stock, definitely consult your financial advisor or market expert.
