Investors finally got a chance to trade Vedanta's newly demerged businesses on Monday. The biggest question now is where the long-term opportunity lies. Among the four newly listed companies that emerged from Vedanta's restructuring, Vedanta Aluminium Metal has clearly emerged as the heavyweight. The company debuted with a market valuation of about Rs 2.06 lakh crore, making it by far the largest entity in the demerged group. Vedanta Power, in comparison, was valued at Rs 16,149 crore.
Analysts tracking the group believe both companies offer distinct investment cases, but the overwhelming preference at this stage appears to be for aluminium.
