Archive · 23 Sep 2026
Vedanta Group Stocks Rise as Metal Prices, Tensions Ease
Several Vedanta Group shares rose sharply on Wednesday.
Vedanta Iron and Steel reached its daily 5% upper limit.
Vedanta Oil and Gas gained more than 2%, while Vedanta Power was about 6% higher.
Experts said investors were feeling more positive about the market.
They also pointed to higher metal prices and easing tensions in the Middle East.
News about the possible reopening of the Strait of Hormuz was another reason for optimism.
One expert suggested watching Vedanta Iron and Steel and Vedanta Oil and Gas.
The analysts also gave support levels, targets and stop-loss levels for these shares.
Vedanta Iron and Steel shares hit a 5% upper circuit, while Vedanta Oil and Gas rose more than 2% and Vedanta Power traded about 6% higher.
Experts attributed the rally to positive market sentiment, rising metal prices and expectations that the Strait of Hormuz may reopen.
Metal-focused Vedanta stocks could benefit from higher prices and margins on existing buffer stock, according to an analyst.
Vedanta Iron and Steel has support at ₹30, resistance at ₹38 and a potential near-term target of ₹44 if ₹38 is decisively breached.
Vedanta Oil and Gas has support at ₹32, resistance near ₹38–₹39 and a potential target of ₹45 above ₹39.
- Who
- Vedanta Group companies, including Vedanta Iron and Steel, Vedanta Oil and Gas and Vedanta Power, along with market experts quoted in the report.
- What
- Vedanta Group stocks rose sharply, with experts discussing their potential targets and stop-loss levels.
- When
- Wednesday, during the stock market opening and trading session.
- Where
- On Dalal Street and the Indian stock market.
- Why
- The rally was linked to easing Middle East tensions, rising metal prices, positive market sentiment and expectations surrounding the possible reopening of the Strait of Hormuz.
- Vedanta Iron and Steel move
- The stock opened higher and reached a 5% upper circuit.
- Vedanta Oil and Gas move
- The stock opened with a gap up and traded more than 2% higher.
- Vedanta Power move
- The stock traded around 6% higher.
- Iron and Steel levels
- Support is at ₹30; resistance is at ₹38; a break above ₹38 could lead to ₹44.
- Oil and Gas levels
- Support is at ₹32; resistance is in the ₹38–₹39 range; a break above ₹39 could lead to ₹45.
- Suggested Iron and Steel trade
- A fresh entry was suggested near ₹32, with a target of ₹38 and a stop-loss below ₹30.
- Suggested Oil and Gas trade
- Buying at the current market price was suggested for targets of ₹38 and ₹45, with a stop-loss below ₹32.