Shares of Vedanta Power, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Aluminium Metal, which were recently listed following the demerger of Vedanta, declined by up to 8% on Friday as investors booked profits after a sharp rally. The four stocks had extended gains for 14 consecutive sessions.
Among the demerged entities, Vedanta Power led the losses, falling 8% to Rs 44.82 on the BSE, while Vedanta Oil & Gas dropped 7% to Rs 41.34. Vedanta Iron & Steel slipped 4% to Rs 40.84, snapping a 13-session rally during which the stock had surged 113%.
