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The Economic Times

Debaroti Adhikary

Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?

Vedanta Azim Premji Vedanta Iron and Steel Vedanta Iron Steel Africa India iron ore

The shares of Vedanta Iron and Steel jumped another 7% on Wednesday, extending a sharp rally that pushed the company's share price 89% higher in less than three weeks since their market debut in June.

Vedanta Iron and Steel shares listed at Rs 20 apiece on NSE on June 15, as the four companies that spun out of Vedanta made their much-awaited market debut, concluding the mega demerger. The company’s market capitalisation at the time of market debut stood at around Rs 7,821 crore.

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