Vedanta Ltd. shares continued to rise for a third straight session on Tuesday, reaching a new all-time high of Rs 642.50 during the trading day. Later, the stock lost part of its gains and ended at Rs 637.10, up 1.55%.
The current progress follows the approval of the Scheme of Arrangement between Vedanta Ltd. and its subsidiary, Talwandi Sabo Power Ltd. (TSPL), by the National Company Law Tribunal (NCLT), Mumbai Bench. The planned plan, which also includes Vedanta Aluminium Metal Ltd., Malco Energy Ltd., and Vedanta Iron and Steel Ltd., was approved by the tribunal in an order dated January 9, 2026.
In its justification to the tribunal, Vedanta highlighted that, in compared to its other natural resource verticals, the electricity industry faced a distinct risk profile and competitive environment. According to the corporation, this differentiation called for a unique structure to allow the power segment to have more focused attention and more targeted access to financing markets.
In light of this, Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, stated, “With respect to the demerger permission, one may hang on to Vedanta and consider inesting on dips with a long-term perspective. Commodity markets are performing well. Vedanta is taking advantage on the current trading cycle’s increased activity and momentum.
Technically speaking, an expert observed that the Rs 600 level offers immediate support for the currency.
Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, said Vedanta has shown a sustained upward trajectory across multiple time frames. “Vedanta has regularly achieved higher highs across all time periods, showing a steady rising tendency. The momentum is still strong even if technical signs now point to overextension. The Rs 600 zone is expected to serve as an intermediate support level. As long as the current trend continues, it is essential to keep an eye on and secure profits,” he said.
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