The Anil Agarwal-led conglomerate had set May 1 as the record date for the demerger, and Vedanta shares began trading excluding the value of the four new companies from April 30 onwards as the record date coincided with a market holiday.
Vedanta share price
After closing at Rs 773.60 apiece last Wednesday, Vedanta shares opened at Rs 289.50 apiece on Thursday, adjusting to the demerger and trading excluding the value of Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Steel & Iron Ore units. While the listing date of the four new companies is yet unknown, the shares of Vedanta are racking up good gains for its shareholders. The stock has now gained more than 9% since then to trade at Rs 316.95 apiece today in the morning.
The company’s market capitalisation currently stands at nearly Rs 1.24 lakh crore, marking a surge of more than Rs 10,730 crore from the Rs 1.13 lakh crore market capitalisation held after adjusting to the demerger on Thursday last week.
Should you buy, sell or hold Vedanta shares?
For the demerged Vedanta, Nuvama has a target price of Rs 336 apiece, implying an upside potential of nearly 11% from the previous closing price of Rs 303.90 apiece on NSE.
Sunny Agrawal, Head of Fundamental Research at SBI Securities, had advised investors to buy shares of Vedanta post demerger, as the zinc business carries robust earnings potential underpinned by its industry-leading cost of production and increasing contribution of the silver segment. “We expect the fair value of Vedanta in the range of Rs 320 – Rs 330 in the medium to long term,” he said.
Vedanta demerger sets stage for value unlocking: Anil Agarwal
Vedanta Chairman Anil Agarwal said that the company is is entering a pivotal new phase where strong operating performance converges with a transformational restructuring, setting the stage for its next wave of growth and value creation.
“The most awaited milestone for Vedanta this year is our demerger, effective 1st May 2026. This transformation marks a pivotal step in unlocking value by creating focused, world-class companies, each with sharper strategic clarity, disciplined capital allocation, and distinct growth pathways. Through this demerger, each of our businesses is emerging as a “Vedanta” in its own right – globally competitive, independently scalable, and benchmarked to the best in the world,” he said in a letter to the shareholders.
Also read: Vedanta demerger explained