Vedanta Group Demerger Stocks Rally After T2T Exit, Vedanta Oil & Gas Surges 20%

Shares of four companies created through the demerger of Vedanta Ltd. gained sharply on Tuesday after exiting the trade-to-trade (T2T) segment and moving into the normal trading category.

The four companies, Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power, and Vedanta Aluminium, were listed on stock exchanges on June 15. As per exchange rules, the stocks remained in the T2T segment for their first 10 trading sessions, during which intraday trading was not permitted, and every trade required compulsory delivery. The stocks also operated with a 5% circuit limit during this period.

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With the restriction ending on July 1, the stocks became eligible for intraday trading, a move expected to improve liquidity and price discovery.

Vedanta Oil & Gas Leads Gains

At around 1:27 pm, Vedanta Oil & Gas was locked at the 20% upper circuit at ₹38.68 per share, making it the biggest gainer among the demerged entities.

Vedanta Iron & Steel rose about 10%, while Vedanta Power gained 9.6%. Vedanta Aluminium also traded higher, advancing 1.7%. The sharp move followed the first day of unrestricted trading after the stocks exited the T2T framework.

Brokerages Highlight Growth Plans

PL Capital said Vedanta Oil & Gas plans to adopt an end-to-end outsourcing model for exploration and field development by partnering with global technical specialists across seismic surveys, subsurface evaluation, drilling and production. According to the brokerage, the company aims to improve operational efficiency and production through performance-linked partnerships while strengthening internal capabilities through knowledge transfer.

Following an analyst interaction, Yes Securities said the company’s management reiterated its focus on increasing production volumes, lowering operating costs and improving reserve replacement. The brokerage highlighted Rajasthan North, Rajasthan South Deep Gas and the Deepwater KG Basin as key long-term growth projects.

PL Capital also noted that Vedanta Power intends to expand its coal-based generation capacity from 4.2 GW in FY26 to 4.8 GW in FY27 and further to 12 GW by FY33, positioning itself among India’s leading private thermal power producers.

Vedanta Aluminium Attracts Positive Ratings

Vedanta Aluminium also received favourable views from brokerages after the demerger. Citi assigned a “Buy” rating with a target price of ₹560 per share, while Kotak Institutional Equities maintained a “Buy” recommendation with a fair value of ₹600 per share.

Kotak described Vedanta Aluminium as India’s largest aluminium producer and the world’s third-largest producer outside China. The brokerage expects the company to benefit from capacity expansion, cost optimisation, and rising domestic aluminium demand, while projecting healthy growth in earnings and cash flows over the coming years.

The exit from the T2T segment is expected to improve trading activity across all four demerged Vedanta companies, with investors now able to participate through regular intraday transactions alongside delivery-based trades.