Vedanta Iron and Steel Shares Soar 94% Since Listing at ₹20, Hit Upper Circuit at ₹38.78

Vedanta (VEDL) Iron and Steel shares extended their blistering rally today, July 1, 2026. The stock touched an intraday high of ₹38.78 on the NSE, locking in a 10% upper circuit. That marks a 93.9% gain from its ₹20 listing price on June 15. The rally comes days after the stock exited its mandatory Trade-to-Trade settlement window on June 30.

Vedanta Iron and Steel Stock Hits New High

Vedanta Iron and Steel opened strong today and quickly hit its upper circuit limit. The move pushed the stock past its previous high of ₹35.66 set on June 30.

The company’s market capitalization has climbed from ₹7,821 crore at listing to nearly ₹13,823 crore. That’s a sharp valuation jump in just over two weeks of trading.

BSE Seeks Clarification on the Rally

• BSE sent a clarification request after market hours on June 30.
• Vedanta Iron and Steel confirmed full SEBI LODR compliance.
• The company said no material undisclosed event triggered the surge.

That response left the rally largely unexplained beyond strong investor demand.

Those who have Vedanta.
Portfolio is up 5% today. Largest single day again since Vedanta's listing.
And there was no set up, it took just one day to blow up.
The bigger question. Can VOGL & Vedanta Power follow VISL? pic.twitter.com/7KzfxUIthZ

— Manan Kochhar (@InvestiVibe_) July 1, 2026

Other Demerged Vedanta Entities Today

Three other entities from the Vedanta demerger also moved sharply today. Vedanta Oil and Gas jumped 20% to ₹38.76, leading the pack.

• Vedanta Power: up 7.47% to ₹43.31
• Vedanta Aluminium Metal: up 1.02% to ₹455
• Parent Vedanta Ltd: down 1.92% to ₹275.40

It outpaced its sibling stocks with its 10% upper circuit lock.

Vedanta Iron and Steel’s Business Overview

Vedanta Iron and Steel operates through subsidiary ESL Steel Ltd at a Bokaro-based plant. That greenfield facility produces 1.5 million tonnes of steel annually.

The company holds nearly 4 billion tonnes of iron ore reserves. That gives it over 50 years of raw material security across India and Africa operations.

Chairman Anil Agarwal has flagged $100 billion revenue potential for each demerged unit, backed by a $20 billion group-wide investment plan.

Disclaimer:

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