Now Reading: Three Vedanta Group shares gain up to 13% on strong volumes
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Three Vedanta Group shares gain up to 13% on strong volumes
Shares of Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel gained up to 12% on Wednesday 14 October, rebounding from recent lows on strong volumes, with Vedanta Power jumping 13.3% to an intraday high of ₹34.25, snapping a five-day losing streak. By 10:30 am, Vedanta Power had seen 3.5 crore shares traded, well above its 20-day average of 42 lakh shares, while Vedanta Iron & Steel saw 1.75 crore shares trade against a 95-lakh average.
The stocks are among the top 10 gainers in the Nifty 500. Vedanta demerged into five entities including Vedanta Aluminium, which listed earlier in 2026. Analysts cited by Livemint cautioned that Vedanta Power's corrective structure looks incomplete and resistance lies at ₹34 to ₹36, with potential for a fresh bottom near ₹26 to ₹28 per AT Research. Vedanta Power hit its 52-week low of ₹29.92 on 13 October and has declined 18% over three months.
Indian Opinion Analysis
CNBC-TV18 led with the broad group rally across three Vedanta stocks and heavy volumes, while Livemint focused entirely on Vedanta Power's surge, adding technical analysis from two unnamed experts. Both outlets reported the same price moves and volume data, making the coverage uniform on facts. Livemint introduced a cautioned outlook through analyst quotes on resistance and downside targets, which CNBC-TV18 omitted entirely. The balanced read is that the rally is a pure volume-driven snapback from recent lows, but both outlets note Vedanta Power remains well below its 52-week high and listing price, so no technical view is split on whether the bottom is in. Analysts cited in Livemint expect resistance near ₹34 to ₹36 and a possible fresh low between ₹26 and ₹28, a concrete price range to watch.
Coverage: 2 sources, 2 neutral
Sources (2): cnbctv18.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
