Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Vedanta reported results for Q2 FY27.
· Economic Times Markets, ET Stocks
Shares of Vedanta Power and Vedanta Oil and Gas rallied up to 14% after both demerged companies reported a sharp year-on-year improvement in Q2 FY27 earnings. Vedanta Power returned to profit, while Vedanta Oil and Gas reported higher revenue and EBITDA.
Key facts
- Period
- Q2 FY27
The analysis
Vedanta reported movement of 14% for Q2 FY27. 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 +1.2% on the day at ₹237.40, and has returned -11.3% 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 -8.2% over the same period, so Vedanta is running 3.1 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.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Vedanta (VEDL), in Metals & Mining.
- On the day, 2 of 2 are higher: Vedanta Power leads at +12.9% and Vedanta trails at +1.2%.
- Over three months: Vedanta -11.3% against Metals & Mining -8.2% (3.1 points behind); Vedanta Power -18.2% against Power -12.9% (5.3 points behind).
- At least 25% below the 52-week high: Vedanta (33%) and Vedanta Power (33%).
- Trading well above normal today: Vedanta Power at 8.4 times its 20-day average volume.
- 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).
- Vedanta Power: 52-week and period figures are measured since it listed on 15 Jun 2026.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| VedantaVEDL · Metals & Mining · Price reset 30 Apr 2026 | ₹237.40 | +1.2% | -8.3% | -11.3% | -33.1% | 0.7× | — |
| Vedanta PowerVEDPOWER · Power · Listed 15 Jun 2026 | ₹32.62 | +12.9% | -15.7% | -18.2% | -32.9% | 8.4× | — |
Metals & Mining
1M -8.6% · 3M -8.2%
Vedanta
Power
1M -5.4% · 3M -12.9%
Vedanta Power
Prices as of 30 Oct 2026, 12:57 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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