Vedanta Closes 1.56% Higher at ₹309.65 on Friday as Metal Stocks Rally; Four Demerged Entities to List on June 15

Mumbai, June 12: Shares of Vedanta Limited (NSE: VEDL) closed 1.56% higher at ₹309.65 on Friday, gaining ₹4.75 from the previous close of ₹304.90, as the diversified metals and mining major rode the broad-based recovery in Indian equity markets driven by easing Iran-United States tensions and a sharp slide in global crude oil prices.  

The stock opened strongly at ₹314.00 — a gap-up of ₹9.10 from Thursday’s close — and touched an intraday high of ₹314.00 in the opening minutes before sellers emerged to pull it off the day’s peak. 

After the early gap-up, VEDL traced a steady retreat through the morning session, sliding from the ₹314 open toward the ₹305–₹308 zone by late morning. The stock briefly dipped below the previous close around midday, touching an intraday low of ₹303.70 — the only point in the session where it traded in negative territory — before recovering steadily through the afternoon to close at ₹309.65.  

The VWAP of ₹308.45 sat fractionally below the closing price, suggesting that the afternoon recovery carried the stock above its session average and that buyers had the upper hand in the final hours of trade. The order book at close was entirely sell-side, with 100% of the total quantity of 779 shares sitting on the ask — a thin book that reflects the stock’s post-close state rather than active intraday positioning. 

Weekly Trend 

The one-week chart provides important context for Friday’s gain. VEDL opened the week of June 5 near ₹317 and declined steadily, dropping to approximately ₹303 on June 8, stabilising around ₹305–₹306 on June 9, before a sharper fall brought it to a weekly low of approximately ₹300 on June 10 — the weakest level of the week. Thursday, June 11, saw a partial recovery to around ₹305, and Friday’s close at ₹309.65 extends that bounce. The weekly range of ₹300–₹317 describes a stock that absorbed significant selling pressure through the middle of the week before finding a floor near the ₹300 level — a psychologically important support threshold for a commodity stock of Vedanta’s profile. Friday’s close above ₹309 reclaims some of that lost ground, though the stock remains below the week’s opening levels. 

Four Demerged Entities to List on June 15 

Four demerged entities of Vedanta Limited — Vedanta Aluminium Metal Ltd (VAML), Vedanta Power Ltd (VEDPOWER), Vedanta Iron and Steel Ltd (VISL), and Vedanta Oil and Gas Ltd (VOGL) — are set to debut on both the NSE and BSE on June 15, marking a significant milestone in the Vedanta group’s ongoing restructuring exercise. The listings are part of Chairman Anil Agarwal’s strategy to unlock shareholder value by separating Vedanta’s diverse commodity businesses into focused, independently listed entities, allowing the market to assign distinct valuations to each vertical. The companies will participate in a special pre-open session before regular trading commences, and investors should monitor price discovery closely as the market applies sector-specific multiples to each newly listed entity for the first time. 

Source

• https://www.nseindia.com/get-quote/equity/VEDL/Vedanta-Limited