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Vedanta Ltd is up for a third straight session today. The stock is quoting at Rs 320.85, up 5.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.38% on the day, quoting at 23468.45. The Sensex is at 74886.66, up 0.44%. Vedanta Ltd has gained around 11.92% in last one month.
Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has gained around 5.49% in last one month and is currently quoting at 12881.4, up 2.76% on the day. The volume in the stock stood at 504.47 lakh shares today, compared to the daily average of 384.58 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 323.25, up 5.86% on the day. Vedanta Ltd is up 93.67% in last one year as compared to a 4.86% slide in NIFTY and a 46.23% slide in the Nifty Metal index.
The PE of the stock is 65.59 based on TTM earnings ending March 26.
Vedanta Ltd rose for a third straight session today. The stock is quoting at Rs 312.4, up 2.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 24018.3. The Sensex is at 76839.15, down 0.23%. Vedanta Ltd has added around 17.04% in last one month.
Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has added around 10.87% in last one month and is currently quoting at 12989.6, up 0.4% on the day. The volume in the stock stood at 535.24 lakh shares today, compared to the daily average of 297.75 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 313.25, up 2.64% on the day. Vedanta Ltd is up 100.67% in last one year as compared to a 1.62% fall in NIFTY and a 51.5% fall in the Nifty Metal index.
The PE of the stock is 65.35 based on TTM earnings ending March 26.
For the full year,net profit rose 16.03% to Rs 17391.00 crore in the year ended March 2026 as against Rs 14988.00 crore during the previous year ended March 2025. Sales rose 24.46% to Rs 76672.00 crore in the year ended March 2026 as against Rs 61605.00 crore during the previous year ended March 2025.
On the NSE, it quoted Rs 278.20 versus a previous close of Rs 773.60, with an intraday high of Rs 292 and low of Rs 271.50.
The sharp decline reflects a mechanical adjustment following the demerger. The stock’s ex-demerger price was discovered at Rs 289.5 during a special pre-open session conducted by exchanges today.
Under the restructuring, Vedanta will spin off its aluminium, power, oil and gas, and iron ore businesses into separate listed entities. Shareholders as of the record date will receive one share in each new company for every share held.
The record date for the demerger is May 1, which falls on a market holiday. Investors who bought shares on or before April 29 will be eligible for the share allotment in the spun-off entities.
The adjusted share price now reflects only the residual business, while the value of the demerged verticals will be realised separately once the new entities are listed.
The restructuring is aimed at creating focused, sector-specific businesses and improving transparency for investors.
Vedanta is a global producer of critical minerals, energy transition metals, power, and technology, with operations across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. It is the world’s largest integrated zinc producer, the fourth-largest silver producer, and among the top aluminum producers globally. Vedanta is also India’s only private oil and gas producer and one of the country’s largest private power generators.
On a consolidated basis, Vedanta's net profit jumped 88.51% to Rs 9,352 crore on 47.48% increase in revenue from operations to Rs 24,609 crore in Q4 FY26 over Q4 FY25. Net debt/ EBITDA improved to 0.95x in Q4 FY26 compared with 1.22x in Q4 FY25.
The board has approved the appointment of Dr. Meena Hemchandra (DIN: 05337181) as an Additional Director designated as a Non Executive Independent Director of the Company for a first term of 1 year effective from 01 May 2026 to 30 April 2027 subject to approval of the shareholders of the Company
In Q4 FY26, EBITDA stood at Rs 18,447 crore, registering the growth of 59% compared with Rs 11,616 crore in Q4 FY25, mainly driven by higher LME, premiums, forex gains and higher volumes. EBITDA margin expanded to 44% in Q4 FY26 as against 35% in Q4 FY25.
Net debt/ EBITDA improved to 0.95x in Q4 FY26 compared with 1.22x in Q4 FY25.
On annual basis, the company’s consolidated net profit jumped 22.21% to Rs 25,096 crore on 25.06% rise in revenue from operations to Rs 78,437 crore in FY26 over FY25.
Arun Misra, executive director, Vedanta, said, “FY26 was a year of strong execution for Vedanta, with record operational performance across the portfolio. We delivered 2.9 million tonnes of alumina, 2.46 million tonnes of aluminium, 1.1 million tonnes of mined metal at Zinc India, 895 kt of pig iron and 101 kt of ferrochrome, reflecting improved operating efficiency alongside the ramp up of new capacities. During the year, we deployed Rs 14,918 crore of growth capex, commissioning key projects including Lanjigarh Train II, the new BALCO smelter, downstream expansions at Jharsuguda, the Debari roaster at Zinc India, and 1.3 GW of power capacity. Our continued focus on operational excellence resulted in lowest costs in last five years at Aluminium and Zinc business.”
Ajay Goel, CFO, Vedanta, said, “The quarter marks a defining point for Vedanta, with the delivery of our strongest-ever financial performance recording all-time highs in Revenue, EBITDA, and PAT for both the quarter and the full year and a clear positioning for the next phase of growth with Demerger effective from 1st of May ‘26.
Our revenue grew 15% YoY to Rs 1,74,075 crore, EBITDA 29% YoY to Rs 55,976 crore and PAT at Rs 25,096 crore, marking a 22% jump YoY. Our balance sheet strengthened further with Net Debt to EBITDA improving to 0.95x, from 1.22x an year ago, and both CRISIL and ICRA reaffirming VEDL’s credit rating as AA / Watch with Developing Implications.”
Meanwhile, in a recent development, the company’s board on Monday, 20 April 2026, approved the implementation of the demerger scheme, which will become effective from 1 May 2026. The company has also fixed 1 May 2026 as the record date to determine eligible shareholders for the allotment of shares in the newly created entities.
Under the scheme, Vedanta shareholders will receive shares in four separate businesses spanning aluminium, power, oil and gas, and iron ore. Each of the demerged entities will issue shares to existing shareholders in a 1:1 ratio.
Barring IT, all the sectoral indices on the NSE were traded in green with realty, metal and private bank shares leading the rally.
At 09:25 IST, the barometer index, the S&P BSE Sensex jumped 358.28 points or 0.46% to 78,878.58. The Nifty 50 index rose 103.90 points or 0.43% to 24,463.15.
The broader market outperformed the friontline indices. The BSE 150 MidCap Index jumped 0.47% and the BSE 250 SmallCap Index added 0.58%.
The market breadth was strong. On the BSE, 2,148 shares rose and 934 shares fell. A total of 163 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 5.52% to 18.16.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,059.93 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,966.89 crore in the Indian equity market on 20 April 2026, provisional data showed.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.03% to 6.888 compared with previous session close of 6.890.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 93.3275 compared with its close of 93.1600 during the previous trading session.
MCX Gold futures for 5 June 2026 settlement declined 0.04% to Rs 153,860.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 9816..
The United States 10-year bond yield increased 0.12% to 4.252.
In the commodities market, Brent crude for June 2026 settlement tumbled 47 cents or 0.49% to $95.04 a barrel.
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TVS Motor Company has entered into a Joint Development Agreement (JDA) with Hyundai Motor Company for the development, manufacturing, and commercialisation of electric micromobility three-wheelers (including their versions or variants). Additionally, the company announced its official entry into the Zambian market. To strengthen its African footprint, it has appointed Zamoto Manufacturing as its official distributor, ensuring a robust sale, service, and spare parts network across the country.
JSW Steel advanced 1.50% afer the company has signed a joint venture agreement with South Korea’s POSCO to set up a 6 mtpa greenfield steel plant in Odisha.
Vedanta added 2.25% after the company said its board on Monday, 20 April 2026, approved the implementation of its demerger, with the scheme set to become effective from 1 May 2026. The company has fixed 1 May 2026 as the record date to determine eligible shareholders for the issuance of shares in the newly carved-out entities.
Global Markets:
Asia market traded mixed on Tuesday amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer.
“Trump, by imposing a siege and violating the ceasefire, seeks to turn this negotiating table— in his own imagination— into a table of surrender or to justify renewed warmongering,” Iran’s parliament speaker Mohammad Bagher Ghalibaf reportedly said in a social media post.
“We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield,” Ghalibaf, who is also Iran’s top negotiator, added.
This comes after President Donald Trump on Monday said “lots of bombs [will] start going off” if no deal is reached before a shaky ceasefire with Tehran expires Tuesday evening, threatening Iran with overwhelming military force.
The threats come even as a U.S. delegation prepared to return to Pakistan for a potential second round of peace talks.
Overnight on Wall Street, stocks slipped on Monday after tensions between the U.S. and Iran escalated over the weekend.
The S&P 500 shed 0.24% to close at 7,109.14, while the Nasdaq Composite declined 0.26% to finish at 24,404.39. The Dow Jones Industrial Average lost 4.87 points, or 0.01%, settling at 49,442.56. On the flip side, the small-cap Russell 2000 rose 0.58% to 2,792.96, scoring a new closing record.
Traders remain hard-pressed to fully price in a worst-case scenario on the war given stocks’ recovery from near correction territory to all-time highs.
Under the approved scheme, shareholders of Vedanta will receive shares in four separate businesses covering aluminium, power, oil and gas, and iron ore. Each of these demerged entities will issue shares in a 1:1 ratio to existing shareholders.
As part of the restructuring, Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy and Vedanta Iron and Steel will emerge as independent entities aligned to specific business verticals. The company also noted that Talwandi Sabo Powerand Malco Energy will be renamed Vedanta Power and Vedanta Oil and Gas, respectively, subject to regulatory approvals.
In a parallel move, Vedanta approved the transfer of its shareholding in Bharat Aluminium Company (BALCO) to Vedanta Aluminium Metal, further consolidating its aluminium business under a single vertical. The transaction will be executed through the issuance of compulsorily convertible debentures by the aluminium entity.
The restructuring is being carried out under a composite scheme of arrangement in line with applicable regulatory provisions. The move is part of its ongoing reorganisation process aimed at simplifying business structure.
Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.
On a consolidated basis, Vedanta's net profit surged 60.98% to Rs 5,710 crore while revenue from operations jumped 36.95% YoY to Rs 23,369 crore in Q3 December 2025.
Shares of Vedanta fell 2.15% to Rs 770.65 on the BSE today.
Vedanta Ltd rose for a fifth straight session today. The stock is quoting at Rs 711.8, up 3.16% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is down around 0.1% on the day, quoting at 22946.3. The Sensex is at 74027.79, down 0.11%. Vedanta Ltd has added around 0.34% in last one month.
Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has added around 0.22% in last one month and is currently quoting at 11583.5, up 0.69% on the day. The volume in the stock stood at 155.22 lakh shares today, compared to the daily average of 152.78 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 713.05, up 3.18% on the day. Vedanta Ltd is up 89.26% in last one year as compared to a 1.82% gain in NIFTY and a 46.42% gain in the Nifty Metal index.
The PE of the stock is 53.82 based on TTM earnings ending December 25.