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3 min read | Updated on October 28, 2026, 15:19 IST
SUMMARY
Vedanta, Vedanta Aluminium shares surged more than 3% on October 28, as investors focused on the upcoming Q2 earnings for the financial year 2026-27. Here's what to expect.

Vedanta Ltd and Vedanta Aluminium shares surged more than 3% on Wednesday, October 28. (Photo: Shutterstock)
Shares of Vedanta Limited and the aluminium-producing firm Vedanta Aluminium Metal surged more than 3% on Wednesday, October 28, as investors focused on both the company’s upcoming July to September quarter earnings announcement for the financial year 2026-27.
Data collected from the NSE website showed that Vedanta shares surged 3.1% to hit an intraday high of ₹232.60 apiece on Wednesday’s market, compared to ₹225.60 apiece at the previous stock market close.
Trading volumes surpassed 5.6 million equity shares across NSE and BSE combined, indicating elevated investor interest in the company’s stock amid concerns looming over the elevated costs impacting margins.
The exchange data also showed that Vedanta Aluminium stock jumped 3.5% to hit a day’s high of ₹366.75 apiece on October 28 ahead of the company’s earnings update, in comparison to ₹354.10 apiece at the previous equity market close.
Vedanta Aluminium’s trading activity surpassed 3.4 million equity shares across NSE and BSE combined, indicating buying momentum and positive sentiment among investors.
Both Vedanta Ltd and Vedanta Aluminium are set to announce their July to September quarter results for the financial year on Wednesday, October 28. The companies are expected to report their earnings during the afternoon market hours or after market close today.
Vedanta is one of India’s major diversified conglomerates focusing on natural resources, energy and technology, and mining metals like zinc, silver, copper, nickel and ferrous alloys.
The key focus of investors in Q2 earnings is expected to remain on the company’s cost of production factor, which is anticipated to witness a significant increase due to the elevated cost of crude oil and the supply chain disruption due to the West Asia crisis.
Mining and production companies are highly capital intensive, leading to heavy requirements of energy sources like oil to operate heavy machinery and equipment. Higher oil prices, in turn, impact the company’s margins as the firms will be spending more to buy the energy source.
While other key factors like the elevated cost of metals in the global market, combined with the consumer demand and the weakness in India rupee is expected to aid the overall revenues in the period.
Vedanta Group’s power company, Vedanta Power’s board of directors are scheduled to meet on Thursday, October 29, to consider and approve the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026.
“The company has reported a strong operational performance in Q2 FY27, with power sales rising 26% year-on-year to 5,593 million units,” Vedanta Power informed the stock exchanges.
Shares of Vedanta Power were trading 0.21% lower at around ₹28.90 apiece on Wednesday’s market, in comparison to ₹28.96 apiece at the previous equity market close, according to NSE data.
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