Vedanta’s metals and oil businesses post strong Q2, steel and power lag
Vedanta moved higher in a quarterly results development.
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The company’s revenue rose 6% year-on-year to ₹2,488 crore. Profit attributable to shareholders was ₹746 crore, compared with a loss of ₹91 crore a year earlier.
The analysis
Vedanta reported ₹2,488 crore, ₹746 crore and ₹91 crore, with movement of 6% attached to those lines. 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 +0.6% on the day at ₹234.55, and has returned -11.3% over three months. It sits 34% 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.
- Over three months: Vedanta -11.3% against Metals & Mining -8.2% (3.1 points behind).
- At least 25% below the 52-week high: Vedanta (34%).
- 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 | ₹234.55 | +0.6% | -9.8% | -11.3% | -33.9% | 1.0× | — |
Metals & Mining
1M -8.6% · 3M -8.2%
Vedanta
Power
1M -5.4% · 3M -12.9%
Prices as of 29 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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