Vedanta hits new high

Vedanta Ltd is currently trading at Rs. 775.95, up 0.69% from the previous close of Rs. 770.65, after touching a fresh 52-week high of Rs. 794.90. The stock opened at Rs. 790.55, moved in a Rs. 772.80–794.90 range, and was trading around a VWAP of Rs. 785.19, with turnover of about Rs. 49.00 crore and traded quantity of ~6.24 lakh shares.

The move follows Vedanta’s post-market disclosure on Monday that its board has approved making the composite demerger scheme effective on May 1, 2026, and has also fixed May 1, 2026 as the record date for determining eligible shareholders.

Under the restructuring plan, Vedanta will demerge its operations into four newly independent companies, including Vedanta Aluminium Metal, Vedanta Iron and Steel, Talwandi Sabo Power, and Malco Energy. Talwandi Sabo Power Limited and Malco Energy Limited will be renamed Vedanta Power and Vedanta Oil and Gas, respectively, to better reflect their sectoral focus.

Under the scheme, eligible Vedanta shareholders as on the record date will receive 1 equity share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power, Malco Energy and Vedanta Iron and Steel for every 1 Vedanta share held (with TSPL shares carrying a Rs. 10 face value, versus Rs. 1 for the others).

The board also approved the transfer of certain Vedanta NCDs linked to the aluminium undertaking to VAML (with a May 1 record date for debenture holders), and the transfer of Vedanta’s shareholding in BALCO to VAML, sharpening the “pure-play aluminium” construct.

In essence, the stock is reacting to “timeline + entitlement” clarity, investors now have a firm date to anchor corporate-action positioning and demerger-arbitrage expectations, which typically tightens the narrative around the conglomerate discount.

The stock hitting a new high suggests the Street is currently leaning optimistic on the “simplification” angle, but the next catalyst will be the fine print around sequencing and market mechanics.