Vedanta Oil & Gas jumps 6%, Aluminium gains 4%; here's how other Vedanta stocks are trading

The benchmark equity indices witnessed sharp selling pressure on Wednesday, July 8, amid renewed tensions between the US and Iran and a fresh spike in crude oil prices.

Despite the broader market weakness, selective buying emerged in a few pockets, with several Vedanta Group entities, including Vedanta Ltd, Vedanta Oil & Gas, and Vedanta Aluminium, trading higher.

NSE data show that Vedanta Oil and Gas stock rallied as much as 6.57% to ₹38.25 during the day, while Vedanta Aluminium Metal shares gained by 4.57% to ₹465.50 apiece on the NSE.

Vedanta Power was also trading 2.22% higher at ₹42.75. However, Vedanta Iron and Steel was down 5% at ₹34.76 on the NSE.

Hindustan Zinc (HZL) shares were trading nearly 2% higher at ₹541.05 apiece on the NSE.

Vedanta Ltd shares were trading flat at ₹274.55 per unit on the bourse. The stock hit a high of ₹278.80 on the NSE during the session before retreating.

Recent developments to know

Following the demerger, flagship Vedanta Ltd retained businesses such as Hindustan Zinc, Zinc International and its copper operations, and recently released its Q1 FY27 operational update.

The company reported that Hindustan Zinc's mined metal production rose 1% YoY to 268 kt, while saleable metal production increased 4% to 260 kt, driven by higher zinc output even as refined lead production declined 2%.

Meanwhile, Vedanta Aluminium reported a 5% YoY increase in aluminium production to 632 kt during the quarter. The company also said it executed the mining lease for the Kuraloi (A) North Coal Block and secured mine opening permission in June 2026.

Vedanta Power said its power sales rose 38% to 5,225 million units (MU) in the June quarter (Q1 FY27), driven by improved generation across key assets and higher contribution from Meenakshi Energy.

HZL Q1 update

Last week, HZL said that while its mined metal production in the first quarter rose marginally by 1%, the refined lead production dropped by 2%.

The company's refined metal production grew by 4% to 2,60,000 tonnes in the April-June period, over the year-ago period.

In a filing to the BSE, the company said it was the "best-ever first quarter mined metal production at 2,68,000 tonnes, driven mainly by better grades."

While the company's refined zinc production rose to 2,13,000 tonne, refined lead production saw a drop of 2% to 47,000 tonne.

Mined metal is the raw, unrefined metal contained within the extracted ore from the earth. Saleable metal is the final, refined product that has been processed and is ready to be sold to the market.

The saleable silver production was at 149 tonnes, and the wind power generation was at 133 million units (MU), the filing said.

"Wind power generation at 133 MU is in line with wind velocity and seasonality impact," it said.

Hindustan Zinc is the world's leading integrated zinc producer and is among the top 10 silver producers globally. The company supplies to more than 40 countries and holds a market share of about 74% of the primary zinc market in India.