Vedanta Stock Sees Profit Booking After Record High

Vedanta's share price has seen a decline of almost 5% from its peak of ₹795 on April 21, 2026. This movement comes after a substantial rally in the past month, where the stock surged approximately 30%. Analysts suggest this is a period of profit booking, but maintain a positive short-term view, citing the stock's position above key averages and its continued higher high and higher low formation on daily charts.

Immediate support levels are identified at ₹740 and ₹730, with ₹800 serving as a crucial resistance zone. A breakout above ₹800 could propel the stock to the ₹820-₹825 range, while a fall below ₹730 might signal vulnerability in the uptrend.

In a significant corporate action, Vedanta has set May 1, 2026, as the record date for its demerger. This restructuring will create five independent listed companies: Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel. Shareholders will receive shares in these new entities proportionally to their existing holdings in Vedanta.

Brokerage firms express optimism about the demerger, anticipating value unlocking, particularly for the growing aluminium and power businesses. Analysts foresee the aluminium segment as a key revenue and margin driver for the group. One firm has issued a 'Buy' rating with a target price of ₹915.