Lost mettle! VAML, Vedanta, Nalco sink up to 6% as metal index drops 3%
Vedanta moved lower.
· Business Standard Mkts
The latest decline has dragged the Nifty Metal index down around 6.3 per cent over the past four trading sessions, compared with a 3 per cent fall in the benchmark Nifty 50 index in the same period.
The analysis
Vedanta reported movement of 6%, 3% and 6.3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.4% on the day at ₹237.90, and has returned -11.1% over three months. It sits 33% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -9.5% over the same period, so Vedanta is running 1.6 points behind its peers.
For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- In focus: Vedanta (VEDL), in Metals & Mining.
- On the day, 1 of 2 are higher: Vedanta leads at +1.4% and National Aluminium (Nalco) trails at -2.8%.
- Over three months: Vedanta -11.1% against Metals & Mining -9.5% (1.6 points behind); National Aluminium (Nalco) -9.5% against Metals & Mining -9.5% (0.0 points behind).
- At least 25% below the 52-week high: Vedanta (33%) and National Aluminium (Nalco) (29%).
- Vedanta: 52-week and period figures are measured from 30 Apr 2026, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| VedantaVEDL · Metals & Mining · Price reset 30 Apr 2026 | ₹237.90 | +1.4% | -8.1% | -11.1% | -32.9% | 1.1× | — |
| National Aluminium (Nalco)NATIONALUM · Metals & Mining | ₹314.55 | -2.8% | -7.7% | -9.5% | -28.8% | 0.7× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Vedanta, National Aluminium (Nalco)
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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