Vedanta Aluminium slides 11% in three days after debut as demerged units reprice

Four companies spun out of Vedanta Group listed on Monday, with Vedanta Aluminium debuting at Rs 522 before falling 11% in three days to Rs 465.36. Analysts said the drop reflects a valuation reset rather than weakening fundamentals, citing demand drivers such as EVs, renewables and infrastructure alongside integrated cost advantages. They added that zinc value is largely already priced into the remaining Vedanta entity, while oil and gas faces pressure from declining output in mature blocks and power and iron & steel show mixed early trading.