Shares of Vedanta Aluminium Metal tumbled 5% again to hit the lower circuit for the third consecutive session, falling 14% in just three days since listing and wiping off over Rs 29,000 crore from the market capitalisation of what analysts called the new "crown jewel" of Vedanta.
Vedanta Aluminium Metal shares remained locked in the lower circuit at Rs 447.56 apiece on Wednesday. The shares debuted at Rs 522 apiece on NSE on Monday after a special pre-open session. The largecap company’s market capitalisation at debut stood at more than Rs 2 lakh crore, surpassing parent Vedanta’s total market capitalisation. Its market cap has now fallen to Rs 1.75 lakh crore.
