Honestly, if you've been tracking the markets lately, you've probably seen the ticker VEDL popping up everywhere. It’s hard to miss. On January 15, 2026, the Vedanta Ltd stock price is sitting around ₹675, flirting with its all-time highs of ₹679.45. It’s been a wild ride. Just a week ago, we were looking at a much lower entry point, but a sudden 10% surge over the last few sessions has caught everyone off guard.
Is it just a commodity cycle? Or is there something deeper happening with Anil Agarwal’s empire?
Most people look at Vedanta and see a "dividend play." And sure, the dividends are huge. But right now, the market isn't just buying the yield. It’s buying a massive corporate divorce. The demerger into five separate companies is finally reaching the finish line, and that is what's really driving the price action today.
What’s Actually Happening with the Vedanta Ltd Stock Price?
If you look at the charts, the momentum is undeniable. We aren't just talking about a small tick up. The stock has delivered over 56% returns in the last year. That’s massive for a large-cap mining giant.
The immediate catalyst was the NCLT approval for the power business demerger that came through on January 9, 2026. This was the final piece of the puzzle. By March 2026, Vedanta won't be one giant, messy conglomerate anymore. It’s basically splitting into five "pure-play" companies.
- Vedanta Aluminium
- Vedanta Oil & Gas
- Vedanta Power (Talwandi Sabo)
- Vedanta Steel and Ferrous
- Vedanta Ltd (The residual entity housing Zinc and Silver)
Why does this matter for the Vedanta Ltd stock price? Because institutional investors hate "conglomerate discounts." They don't want to buy a company that does everything from digging iron ore to refining oil if they only want exposure to aluminium. By splitting them up, each business can attract its own set of specialized investors.
The Nuvama Factor and the ₹806 Target
It’s not just retail traders jumping in. The big boys are raising their targets. Nuvama Institutional Equities recently slapped a ₹806 target on the stock. That’s a long way from where we are now. They’re betting that the "Sum of the Parts" (SOTP) value is much higher than what the current market cap suggests.
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Think about it this way. If you own one share of Vedanta today, you’re eventually going to own one share in each of these five new companies. It’s like getting a buy-one-get-four-free deal. Well, sort of. The value of your original share will drop when the split happens, but the combined value of the five new shares is expected to be much higher than the current ₹675.
The Dividend "Trap" or Treasure?
"Dividend is in my blood," Anil Agarwal famously said. He wasn't kidding.
In FY26 alone, the company has already dished out significant payouts, including a ₹16 interim dividend back in August. But here's the thing people get wrong: they think the dividends will stop after the demerger.
Actually, the cash flow from Hindustan Zinc (which stays under the main Vedanta umbrella for now) is still a beast. Even with the debt issues at the parent level—Vedanta Resources (VRL)—the operating companies are printing money. S&P Global recently shifted their outlook on the parent company to "Positive," which is a huge relief for anyone worried about a default.
Managing the Debt Mountain
Let's talk about the elephant in the room: the ₹48,000 crore debt.
When the split happens, this debt isn't just going to vanish. It’s being allocated to the new companies based on their cash flows. This is where it gets tricky. The aluminium and zinc businesses will carry the heaviest loads because they have the deepest pockets.
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Some analysts are worried. If metal prices tank—say, aluminium drops back below $2,200 a tonne—those debt-heavy spin-offs might struggle. But right now, with LME aluminium hovering around $3,000, the margins are fat enough to keep the creditors happy.
What Most People Get Wrong About the "Metal Cycle"
Usually, when the Vedanta Ltd stock price goes up, people say, "Oh, it's just because China is stimulus-crazy again."
That’s only half the story in 2026.
India is currently in the middle of a massive infrastructure build-out. We need aluminium for the power grid. We need silver for solar panels. We need zinc for galvanizing the steel used in new highways. Vedanta isn't just exporting to global markets anymore; it's feeding a domestic hunger that doesn't seem to be slowing down.
Also, look at the silver production. Vedanta is aiming to hit 3,000 tonnes of silver output. That would make it one of the largest silver producers on the planet. Silver isn't just a "metal" anymore; it's a critical component for the green energy transition. That’s a narrative shift the market is only just starting to price in.
Is It Too Late to Buy?
This is the question I get all the time. "Have I missed the bus?"
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Technically, the RSI (Relative Strength Index) is screaming that the stock is overbought. It’s sitting above 70. Usually, that means a "dip" is coming. If you're a short-term trader, buying at ₹679 might feel like chasing a runaway train.
But if you’re looking at the March 2026 demerger timeline, the "value unlocking" hasn't fully happened yet. The stock is trading at a P/E of about 22, which is higher than its historical average of 14-15, but it’s still cheaper than many of its global peers when you factor in the growth of the individual business units.
Key Risks to Watch
- Commodity Price Volatility: If a global recession hits and metal prices crash, the stock will follow. Period.
- Regulatory Hurdles: While the NCLT has given the nod, we still need the final procedural stamps from the ROC and stock exchanges.
- The Parent Company’s Hunger: Vedanta Resources still needs cash to pay its own bills. This means they will keep pushing Vedanta Ltd for high dividends, which might limit the cash available for reinvestment in the business.
Actionable Insights for Investors
If you're holding or looking to enter, here is how the landscape looks right now:
- Watch the ₹620-₹630 Zone: This is the immediate support. If the stock cools off, this is where buyers will likely step back in.
- Track the LME Prices: Keep an eye on Aluminium and Zinc prices in London. Vedanta’s EBITDA is super sensitive to these. A 10% move in metal prices can swing their profits by hundreds of crores.
- The Demerger Countdown: The next three months are critical. Expect a lot of "news-flow" volatility as each entity prepares for its independent listing.
- Check the Record Dates: If you're in it for the dividends, make sure you know when the "Ex-dividend" dates are. Buying the day after means you miss the payout.
The Vedanta Ltd stock price isn't just a number on a screen anymore; it’s a proxy for India's industrial growth and a case study in complex corporate restructuring. Whether it hits that ₹806 target remains to be seen, but it’s definitely not going to be a boring ride.
To stay ahead of the curve, you should regularly monitor the LME (London Metal Exchange) base metal indices and the official filings on the NSE/BSE regarding the specific listing dates for the five new entities. Setting price alerts at the ₹640 and ₹690 levels can also help you manage entries and exits during this high-volatility demerger phase.