Touted as the 'crown jewel' of Anil Agarwal's Vedanta demerger, Vedanta Aluminium shares have emerged as the odd one out among the four newly listed companies. While its three demerged siblings have gained since their June 15 debut, the aluminium major has slipped 12% from its listing price of Rs 527, wiping out more than Rs 25,000 crore of investor wealth in less than a month.
The divergence in performance has been striking. Vedanta Power has gained 9% from its listing price of Rs 42, Vedanta Iron & Steel has surged 84% from Rs 22, while Vedanta Oil & Gas has advanced 10% from its listing price of Rs 39.
