Vedanta Limited shares surged to a 52-week high of ₹795 in early trade on Tuesday, April 21, after the company announced May 1, 2026 as both the effective date and record date for its long-awaited demerger into four separate listed entities.

The stock was trading at ₹778.50 as of 9.46 am, up 0.97 per cent or ₹7.50 from Monday’s close of ₹771. The stock opened sharply at ₹791.70 before pulling back slightly, with traded volume already at 109.55 lakh shares and turnover crossing ₹860 crore. Total market capitalisation stood at approximately ₹3.03 lakh crore.

The announcement, made at a board meeting on April 20, confirmed that every Vedanta shareholder on the record date will receive one share each in four newly listed companies — Vedanta Aluminium Metal Limited (VAML), Talwandi Sabo Power Limited (TSPL), Malco Energy Limited (MEL), and Vedanta Iron and Steel Limited (VISL) — for each share held in the parent.

The demerger carves out Vedanta’s aluminium, merchant power, oil and gas, and iron ore businesses into separate entities. The residual Vedanta Limited will retain the base metals business, including its significant stake in Hindustan Zinc.

As part of the reorganisation, Vedanta also approved the transfer of its stake in Bharat Aluminium Company (BALCO) to VAML. BALCO reported a turnover of ₹15,909 crore for FY2025, accounting for roughly 10 per cent of Vedanta’s consolidated revenue.

The stock has been a strong outperformer, returning nearly 90 per cent over the past year against the Nifty Next 50’s 8.33 per cent gain. Year-to-date returns stand at 29.59 per cent.

The sell-side holds a marginal edge in today’s order book, with 52 per cent sell orders versus 48 per cent buy orders.

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Published on April 21, 2026