Vedanta Power shares surged as much as 13% in intraday trade on the BSE on Wednesday, 14 October, looking set to snap their five-day losing streak. Vedanta Power share price opened at ₹30.54 against its previous close of ₹30.24 and jumped 13.3% to an intraday high of ₹34.25. The sharp jump in the stock price followed a spurt of more than threefold in volume.
On a monthly scale, the stock is flat so far in October after a nearly 7% fall in the previous month. Over the last three months, the stock has declined 18%, compared to a 5% drop in the equity benchmark Sensex.
Vedanta Power shares hit their 52-week high of ₹52.49 on 3 July and a 52-week low of ₹29.92 on 13 October this year.
Metals and mining major Vedanta demerged into Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and Vedanta Limited this year, with a demerger record date of 1 May 2026.
According to Aditya Thukral, founder and analyst at AT Research and Risk Managers, Vedanta Power has been in a downtrend with the formation of lower highs and lower lows. The stock has been falling in a corrective structure and looks incomplete as of now.