Vedanta Listing: After the demerger of Vedanta Limited, 4 new companies got listed in BSE and NSE on Monday. In BSE, Vedanta Aluminum Metal Limited (Vedanta Aluminum Share Price) is listed at Rs 527, Vedanta Power Limited (Vedanta Power Share price) is listed at Rs 41.30, Vedanta Iron and Steel Limited (Vedanta Iron And Steel Share Price) is listed at Rs 22.25 and Vedanta Oil and Gas Ltd Share price is listed at Rs 39. Let us tell you, there has been a spectacular listing of all four new companies.
Let us tell you, investors holding 1 share of Vedanta Limited on the record date have got 1-1 share in each company as on date.
Vedanta Aluminum shares victim of profit booking
Strong selling is being seen in the shares of all the newly listed companies of Vedanta. Shares of Vedanta Aluminum had reached the level of Rs 538 after being listed at Rs 527. However, after this the price of the company’s shares fell by more than 4 percent to Rs 501.50.
Vedanta Power shares hit lower circuit
The price of shares of this company fell by 5 percent on Monday. After the lower circuit, the share price of Vedanta Power has fallen to an intra-day low of Rs 39.25. Earlier this stock was listed at Rs 41.30 in BSE.
Vedanta Oil and Gas shares fell 5%
After being listed at Rs 39 on BSE today, the company’s shares reached an intra-day high of Rs 40.95. However, after this the stock fell victim to decline. Due to which the price of shares of Vedanta Oil and Gas came down to the intra-day low level of Rs 37.05.
The condition of Vedanta Iron and Steel is also not good.
The condition of the shares of this company is the worst. The company’s shares had fallen to the level of Rs 19.60 in BSE. Let us tell you, selling is being seen in the shares of all four new companies of Vedanta.
Vedanta shares fell after listing of 4 new companies
Selling is also being seen in the shares of Vedanta Limited. Shares of the company fell by more than 1 percent to Rs 305.45. Earlier this morning, the company’s shares had opened with gains.
Let us tell you, these four new companies are trading in the trade-to-trade segment. That means intra-day settlement will not be possible in these 4 new companies.
