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Vedanta Demerger Explained – Why the Stock Price is Adjusting Today (April 30, 2026)
Vedanta is executing its long-awaited demerger today. The stock is now trading ex-demerger, so the price no longer reflects the full value of all its businesses.
The company is splitting into five separate publicly listed entities. Shareholders who held Vedanta shares until yesterday’s (April 29) close will receive 1 share in each of the four new companies for every Vedanta share they own (1:1 ratio).
The Five Entities Going Ahead:
- Vedanta Ltd (Residual entity): Will continue as the listed parent, mainly holding the 60.71% stake in Hindustan Zinc, Zinc International, Copper business, and other base metals.
- Vedanta Aluminium (Vedanta Aluminium Metal Ltd): The aluminium business.
- Vedanta Power (Talwandi Sabo Power Ltd and related power assets): The power generation business.
- Vedanta Oil & Gas (Malco Energy Ltd and Cairn Oil & Gas): The oil and gas vertical.
- Vedanta Iron & Steel (Vedanta Iron and Steel Ltd): The iron ore and steel businesses.
These four new entities are expected to list separately in the coming weeks (targeted around mid-May, subject to approvals).
Valuation Picture
Brokerage firm Nuvama values the pre-demerger consolidated Vedanta at ₹936 per share.
Of this, the residual (ex-demerger) Vedanta is valued at around ₹336, the Hindustan Zinc stake at ₹317, and the remaining base metals/other businesses at ₹19. The rest of the value moves to the four new entities.
The sharp-looking drop in Vedanta’s share price today is purely a technical adjustment — not a loss in value. Your total holdings (remaining Vedanta share the four new shares you’ll receive) should preserve roughly the same economic value once the new companies list and start trading.
Most analysts continue to maintain Buy ratings, seeing the simplified structure as a long-term positive for unlocking value in each vertical. The stock had closed at ₹775 yesterday, up over 25% so far in 2026.
This is a major corporate restructuring aimed at giving each business its own identity, management focus, and valuation. Watch for the listing of the four new stocks in the weeks ahead.
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Vedanta and demerged Entities to list:
Listing Date: 15 June 2026
1. Vedanta Aluminium Metal Limited
Scrip Code: 544780
Symbol: VAML
ISIN: INE1CDF01017
2. Vedanta Power Limited (formerly Talwandi Sabo Power Limited)
Scrip Code: 544781
Symbol: VEDPOWER
ISIN: INE694L01019
3. Vedanta Iron and Steel Limited
Scrip Code: 544784
Symbol: VISL
ISIN: INE1CLE01013
4. Vedanta Oil and Gas Limited (formerly Malco Energy Limited)
Scrip Code: 544782
Symbol: VOGL
ISIN: INE704J01044
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Strong Technical Setup Checklist:
•Extended Base Formation – A prolonged consolidation period that allows for proper accumulation and range contraction.
•Clean, Linear Price Action – Smooth, orderly movement within the base with minimal overlap and volatility, indicating controlled participation.
•Clear Institutional Footprints – Volume patterns, large-block activity, or support at key levels showing smart money involvement.
•Healthy Pullback into SMAs – A natural, shallow retracement that finds support at the 8/21 or 55 day SMAs, resetting the short-term structure without damaging the uptrend.
•Urgency in Demand – Strong buying pressure and volume expansion on the bounce, signaling conviction and potential for a breakout.
This sequence flows logically from accumulation → structure → participation → reset → ignition.
Use lax.sh follow @laxdotsh
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Nifty 500 PAT grew 16% YoY vs Nifty 50 PAT growth of 4% YoY.
Sales growth for Nifty 500 stood at 12% YoY, the highest in the last 13 quarters.
Nifty Midcap 150 PAT grew 34% YoY, Nifty 100 at 12%, and Nifty Smallcap 250 at 13%.
FIIs are buying what is growing well by selling what is not. They buy only partially, with the rest taken out to invest in other countries.
Higher taxes and stupid policies only make this growth and valuation problem worse.
Growth government can’t do much about and valuations absolutely nothing. Taxes and policies? Entirely their own doing. Those wounds are self inflicted.
@narendramodi @nsitharaman
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"I am the Indian Frog in the Indian well and I feel that a Bull Market is already under way in India",
says Ace Investor Ashish Kacholia @LuckyInvest_ARK ji
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India’s Big Nuclear Boost via Retrospective Tax Exemption
On 11 June 2026, the government waived customs duty on imports of nuclear power generation goods retrospectively from 1 April 2019 to 31 January 2026.
Any duty paid or due on past imports over ~7 years is now waived. This follows the Feb 2026 Budget extension of the exemption till 2035.
What this means:
Importers & project developers get full relief on old shipments → lower effective costs regulatory certainty. It clears the path for India’s massive nuclear ambition (9 GW today → 100 GW by 2047, needing ₹23–25 lakh crore investment).
The Other Side:
Makes imported equipment cheaper → short-term edge to foreign suppliers and possible pressure on some Indian manufacturers. But overall scale indigenisation push remains strongly net positive for the domestic supply chain given the scale.
Key Listed Stocks in Nuclear Value Chain:
•NTPC — Backdoor entry via NPCIL JV (ASHVINI); strong balance sheet for massive fleet execution.
•L&T — Main system integrator; builds heaviest reactor components & steam generators.
•BHEL — Turbines & conventional island; already bagging direct nuclear orders.
•MTAR Technologies — Precision parts (fuel heads, mechanisms); long NPCIL supplier with strong order book.
•Kirloskar Brothers — Critical high-temp/sodium pumps; proven for breeder reactors.
•Walchandnagar Industries — Calandria, end-shields, sodium piping; legacy player unlocking fresh contracts.
•HCC — Civil construction at nuclear sites (e.g. Kudankulam).
•WPIL — Industrial pumps across the nuclear chain.
•PTC Industries — Precision castings & nuclear-grade alloys.
•Unimech Aerospace — Won ₹72 cr NPCIL order; precision tooling with growing nuclear book.
•Krishna Defence — Defence certifications transferable to nuclear.
•Admach Systems (SME) — Special machines; recent Nuclear Fuel Complex orders.
•Holmarc Opto-Mechatronics (Emerge) — Lab instruments for BARC; import-substitution play.
•DEE Development — Process piping specialist fitting into the broader nuclear fabrication chain.
(Also watch pre-IPO names like Core Energy Systems, Tema India for big tenders.
A government that can erase old taxes retrospectively can also levy taxes going back on other things in future. This creates deeper mistrust in India’s tax and regulatory environment among investors and businesses.
Focus on sales & profit sensitivity from nuclear space instead of just looking at absolute size or narrative.
What do you think — bullish on India’s nuclear story? Share your views! ⚛️🇮🇳
#NuclearEnergy #IndianStocks #Investing
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SILVERTUC 198 from 178.83 🔥🔥
Some stocks with improving structure:
1. SILVERTUC 178.83
2. ABDL 580.7
3. KIMS 788.95
4. ASIANENE 382.1
Focus on how price behaves from here, manage risk.
Follow @laxdotsh. Do your own DD.
Anything else on your radar?
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AUM of ₹12,000 Cr in mid-2023 down to ~₹2,500 Cr in Apr/May 2026 is the real #SankatKaal.
Saurabh Mukherjea warns of Sankat Kaal, but Marcellus PMS clients have faced it for years.
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SIP inflows held steady in May, but net equity mutual fund inflows fell sharply.
• SIP: ₹31,115 Cr (Apr) → ₹30,954 Cr (May)
• Net equity: ₹38,440 Cr (Apr) → ₹22,907 Cr (May)
SIP investors stayed invested. The drop came from lower fresh and lump sum investments or higher redemptions.
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Cochin Shipyard trades at higher valuations not because of sentiment but because the market understands the advantages it has by being the only dock to repair aircraft carriers, with 45% ship repair market share in India. However, it is exposed to the global offshore oil and gas capex cycle as offshore and commercial vessels are its main revenue drivers. Life cycle economics create revenue of 4x the original contract for Cochin Shipyard.
India builds only half the ships compared to Turkey. Germany does 4x of India and even Italy does 11x of India.
Philippines does 15x and Vietnam 17x of India.
We are yet to discuss big daddies China, South Korea and Japan.
Japan is at 200x, SK at 465x and China 910x.
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GRSE for faster growth and Cochin Shipyard for higher predictability revenue look better than Mazdock.
If India has to get its place back in global order, we must be able to secure trade routes given how long coastline we have and how much of global trade is because of us.
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