The shares of Vedanta Power dropped more than 3% on Thursday to fall below its listing price, with analysts highlighting that the counter remains the most defensive among the four stocks that debuted on Dalal Street earlier this week after the mega demerger.
The company's shares dropped to Rs 40.70 apiece on the NSE, with its market capitalisation nearing Rs 16,000 crore. Vedanta Power debuted at Rs 41.80 per share on the NSE on Monday. The shares of the company fell 2% on the first day, and another 2% on Tuesday, before jumping 5% on Wednesday.
