Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation
Vedanta set out an expansion.
· BS Companies
Idco terminates the 2013 land allotment after an inspection finds the site vacant.
The analysis
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.
- Over three months: Vedanta -11.1% against Metals & Mining -9.5% (1.6 points behind).
- At least 25% below the 52-week high: Vedanta (33%).
- 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× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Vedanta
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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