Global Commodity Crash Sparks Vedanta Sell-off
Yaar, market mein aaj kuch alag hi chal raha tha. Sunday, February 1, 2026 ko Vedanta ka stock seedha 10% tak gir gaya intraday mein. Pura ₹54,000 crore market cap gayab ho gaya sirf do din mein, cumulative drop 13.78% ho gaya tha. Iski asli wajah hai overnight mein global gold aur silver prices ka dhire se girna. Gold 12% tak gira, aur silver toh 37% tak crash ho gaya!
Is global sell-off ka asar sirf Vedanta par hi nahi, uske jaisi companies jaise Hindustan Zinc ( 10% tak gira) aur Hindustan Copper ( 12.1% tak gira) par bhi pada. Nifty Metal index bhi 5% se zyada tut gaya. Yeh dikhata hai ki jab metals mein gadbad hoti hai toh sabko pakad leti hai.
Fundamentals Toh Strong Hain Boss!
Par ek taraf jahan share price gira, wahi dusri taraf Vedanta ke numbers ekdum solid dikh rahe hain. Company ab ek 'Aluminum play' ban gayi hai, aur LME aluminum prices $3,117 per tonne ke aas paas hain, jo projections se upar hai. Silver ka bhi jo FY28 EBITDA mein 12% ka contribution hai, woh company ko itna impact hone se bacha sakta hai.
Aur haan, company ne Q3 mein jabardast results diye hain. Net profit 60.1% badhkar ₹5,710 crore ho gaya, revenue 19% badhkar ₹45,899 crore aur EBITDA 37% badhkar ₹6,866 crore ho gaya. Margin bhi 29.4% maintain kiya hai. Aluminium business ne bhi ₹7,023 crore ka EBITDA kamaya hai.
Kya Hai Future Plan?
Vedanta ka market cap around ₹2.67 lakh crore hai aur P/E 24.2x ke aas paas chal raha hai. Company apne business ko 5 alag-alag listed companies mein divide karne ka plan kar rahi hai. NCLT approval mil gaya hai aur yeh demerger April 1, 2026 se effective hoga. Analysts ka kehna hai ki Nuvama Institutional Equities ko EBITDA CAGR 16% tak badhne ki ummeed hai FY28 tak. Zerodha ke Nithin Kamath ne bhi kaha hai ki commodity markets mein aise extreme swings aate rehte hain. Is sector mein Tata Steel aur Hindalco bhi pressure mein the.