Vedanta to Hindustan Zinc, Vedanta Power: What’s driving the rally, and how stocks fared in 5 sessions

Vedanta Group stocks traded higher in morning deals on Friday, October 16, tracking a rebound in the broader equity market. Benchmark indices, the S&P BSE SENSEX and NSE NIFTY50, extended their recovery after rising sharply in the previous session.

The broader market recovery comes amid gains in IT and metal stocks, softer crude oil prices and a stronger rupee, which have helped improve investor sentiment. However, the gains in Vedanta Group shares come after mixed performances over the past five trading sessions, with most of the group’s stocks still trading lower during the period.

How Vedanta Group stocks performed in morning trade on Friday

At 11:24 am, Vedanta Ltd shares were trading 1.42% higher at ₹249.40 apiece on the NSE, while Hindustan Zinc was up 2.17% to ₹542.50.

Among the demerged entities, Vedanta Power gained 0.61% to ₹32.73, while Vedanta Iron and Steel rose 1.23% to ₹29.68. Vedanta Oil and Gas advanced 0.35% to ₹31.67, while Vedanta Aluminium Metal was the biggest gainer among the listed entities mentioned here, rising 4% to ₹374.20.

How Vedanta Group stocks performed over five sessions

Between October 12 and October 16, Vedanta shares declined around 6.3%, while Hindustan Zinc fell 2%. Vedanta Aluminium Metal was down 2.18%, and Vedanta Iron and Steel slipped 0.34%.

In contrast, Vedanta Oil and Gas gained 2.82% over the five-session period, while Vedanta Power advanced 2.50%.

Metal stocks rally

Metal stocks were in the green in Friday’s session. The NIFTY METAL index was up 1.35% at 12,179.40 levels. In the past five sessions, the index has surged over 1%.

Vedanta's demerged entities

Vedanta completed its demerger into four separately listed companies, with the new entities beginning trading on the stock exchanges on June 15, 2026. The businesses are Vedanta Aluminium Metal Ltd, Vedanta Power Ltd, Vedanta Oil and Gas Ltd, and Vedanta Iron and Steel Ltd.

The restructuring allows investors to gain direct exposure to the group’s individual businesses, while enabling each entity to pursue its own growth plans, capital allocation priorities and business strategy.

Under the demerger scheme, eligible shareholders received one share in each of the four resulting companies for every one share of Vedanta Ltd held on the record date.

Vedanta Ltd continues to remain listed separately, retaining its other businesses, including its stake in Hindustan Zinc.

The four new listings have expanded the group’s presence on the stock exchanges and allow investors to assess the businesses individually rather than solely through the diversified parent company.