Shares of Anil Aggarwal-owned mining company Vedanta Ltd have fallen for the third consecutive session, extending a three-day decline of over 18%.
The stock fell another 7% on Monday, April 7, while it had declined nearly 9% last Friday and 4% last Thursday.
The stock has declined in five of the last six trading sessions.
With this decline, the stock is now down nearly 30% from its 52-week high of ₹526. The stock is still up 15% from its 52-week low of ₹317.
On the charts, the stock has slipped below all its key moving averages, 50, 100 and 200-day moving averages, following this recent decline.
The stock has also entered the oversold zone, as its Relative Strength Index (RSI) has fallen to the level of 26. An RSI reading below 30 indicates that the stock is at oversold levels.
Recently, Vedanta postponed its split deadline to September 2025, citing regulatory approvals. The plan is to split the existing business into five separate, independent, listed entities. Shareholders will get one share of each split entity for every share of the currently listed company.
Vedanta’s decline is in line with the decline in other metal stocks, as fears of a recession in the US are rising. Metal stocks have been trading lower despite a recovery in the US dollar, which is generally positive for them.
Of the 15 analysts who have coverage on Vedanta, nine still have a “buy” rating on the stock, five of them have said “hold”, while one has a “sell” rating.
ICICI Securities has the highest price target of ₹605 for Vedanta, followed by Emkay at ₹575 and IIFL Institutional at ₹570.
Kotak has the lowest target of ₹465 on Vedanta. The stock is trading below all these levels. Vedanta shares are currently trading 5.6% lower at ₹379. With this decline, the stock has wiped out all the gains of 2025, and is currently down 15% in 2025.
