# Vedanta (VEDL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/vedl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹261.75
- Change: -0.78%
- As of: 2026-11-06
- 1D return: -0.78%
- 5D return: +10.03%
- 1M return: +3.42%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

VEDL presents a conflicting technical picture as of 2026-11-06, with daily momentum diverging from the dominant weekly and monthly downtrends. The stock closed at ₹261.75, holding above its 20-day and 50-day moving averages while the Supertrend remains bullish on the daily chart. However, this short-term positioning is fragile; the price sits well below the 200-day SMA and has fallen 66.8% from its available high, reflecting a severe long-term drawdown. Momentum indicators show developing strength (ADX 21.2) but lack conviction, while the wider trend structure is bearish, evidenced by a strong ADX of 49.11 on the monthly timeframe and price trading below all major monthly averages.

Participation metrics highlight elevated risk, with annualized volatility at +59.6% and an ATR of 3.09%. Recent activity includes a high-severity downward gap on 2026-11-06 (-0.8%) following a wide intraday range on 2026-11-04. Price is positioned near the upper end of its 20-day range (+87.5%) but near the bottom of its 252-day range (+7.0%). Immediate resistance lies at ₹262.96 (pivot), with support at ₹260.93 (low). The setup requires confirmation: a sustained break above ₹262.96 would signal potential reversal, while a drop below ₹260.93 would invalidate the daily bullish structure and likely expose further downside toward ₹258.05.

- Trend Divergence: Daily indicators are bullish (price above 20/50 EMA, Supertrend up), but weekly and monthly trends remain strongly bearish with price below all major averages.
- Risk Profile: High volatility (+59.6%) and significant drawdown (-66.8% from high) suggest elevated sensitivity to news; recent anomalies include a high-severity downward gap on 2026-11-06.
- Key Levels: Monitor ₹262.96 for breakout confirmation and ₹260.93 for immediate support; a breach below ₹260.93 risks testing lower support at ₹258.05.
- Momentum Status: Daily ADX (21.2) indicates developing but weak trend strength, contrasting with strong monthly ADX (49.11), implying the current daily rally lacks broad structural backing.

- Bullish Engulfing Reversal
- Outside Bar
- Bearish Engulfing Reversal

### News Context

In the seven-day window ending 2026-11-06, Vedanta Ltd (VEDL) navigated distinct legal and operational developments. On 2026-11-02, the Supreme Court dismissed the Union government’s appeal against foreign arbitration awards totaling $99 million related to the Ravva oilfield dispute, allowing Vedanta and Ravva Oil to enforce the awards stemming from a 1994 production-sharing contract. The court criticized the Centre's resistance as potentially undermining India’s credibility as an international arbitration hub. Concurrently, on 2026-11-02, the Madras High Court permitted political figures and activists to oppose Vedanta’s writ petition regarding a proposed 'green copper' plant at the defunct Sterlite premises in Thoothukudi, with opponents citing hazardous pollution risks despite Vedanta’s claims of reduced emissions via recycled inputs. On 2026-11-03, VEDL clarified that a reportedly cancelled 28.8-acre land allotment in Odisha by IDCO constitutes less than 1 per cent of its Jharsuguda aluminium operations’ total holding and is not material to its business; shares traded marginally lower by 0.22 per cent at ₹245.10 following this clarification. Broader regional investment news involving West Bengal was reported but does not directly impact VEDL’s immediate operational or legal standing.

- Supreme Court dismissed Centre’s plea on 2026-11-02, enabling enforcement of $99 million arbitral awards for the Ravva oilfield dispute, reinforcing finality of Kuala Lumpur-seated decisions.
- Madras High Court allowed opposition to Vedanta’s ‘green copper’ plant proposal at Thoothukudi on 2026-11-02, highlighting ongoing regulatory and community scrutiny despite Vedanta’s environmental arguments.
- Vedanta stated on 2026-11-03 that the cancelled 28.8-acre Odisha land allotment represents less than 1 per cent of Jharsuguda aluminium holdings and is immaterial; stock closed at ₹245.10 (-0.22%).

- [Bengal’s Big Five: ₹2.4 lakh crore in investment proposals since BJP took office in May 2026](https://www.businesstoday.in/india/story/bengals-big-five-rs2-4-lakh-crore-in-investment-proposals-since-bjp-took-office-in-may-2026-566147-2026-11-06)
- [Vedanta clarifies on Odisha land allotment issue; check stock reaction](https://www.businesstoday.in/markets/stocks/story/vedanta-clarifies-on-odisha-land-allotment-issue-check-stock-reaction-565362-2026-11-03)
- ['Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awards](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nobody-will-trust-you-sc-junks-centres-plea-against-vedanta-arbitration-awards-ravva-oil-to-claim-us-dollar-99-million-over-oilfield-dispute-from-1994/articleshow/135472554.cms)
- [Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards](https://www.thehindu.com/news/national/supreme-court-raps-centre-for-stalling-enforcement-of-vedanta-arbitration-awards/article71656332.ece)
- [Madras High Court permits Vaiko to oppose Vedanta’s plea for ‘green copper’ plant at Thoothukudi Sterlite premises](https://www.thehindu.com/news/national/tamil-nadu/madras-high-court-permits-vaiko-to-oppose-vedantas-plea-for-green-copper-plant-at-thoothukudi-sterlite-premises/article71655456.ece)

### Official Filings

Vedanta Limited reported record financial performance for the half-year ended September 30, 2026, driven by its continuing operations. The company posted a net profit after tax of ₹7,936 crore and EBITDA of ₹22,358 crore for the period. For the second quarter alone, PAT surged 151% year-on-year to ₹16,202 crore, while EBITDA rose 106% to ₹19,938 crore. This growth coincided with a significant deleveraging effort, reducing net debt by ₹14,624 crore in Q2 and bringing the net debt/EBITDA ratio down to 0.1x. The Board also approved an interim dividend of ₹5 per equity share.

On the corporate action front, Vedanta granted 99,32,834 performance-based stock options under the ESOS 2026 scheme to senior management and key managerial personnel, exercisable at ₹1 per share after a 36-month vesting period. Conversely, 55,16,340 options from the 2023 grant plan vested on November 4, 2026, following the completion of their performance periods. Regarding operational assets, the company clarified that the cancellation of 28.8 acres of land in Odisha constitutes less than 1% of its Jharsuguda aluminium operations' land holding and is not material to ongoing operations.

- H1 FY27 Net Profit After Tax reached ₹7,936 crore with EBITDA of ₹22,358 crore; Q2 PAT grew 151% YoY to ₹16,202 crore.
- Net debt reduced by ₹14,624 crore in Q2, lowering the net debt/EBITDA ratio to 0.1x.
- Board approved an interim dividend of ₹5 per equity share.
- 99,32,834 new ESOPs granted at ₹1 exercise price with 36-month vesting; 55,16,340 prior options vested effective November 4, 2026.

- [Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) - Vesting of Employee Stock Option Grants 2023 under Vedanta Limited Employee Stock Option Scheme 2016 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/VEDL_04112026164306_SEIntimationESOS2023Vestingsigned.pdf)
- [VEDANTA LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_237_WebXMLFile_20261104_164803433.xml)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is attached. |SUBJECT: News Verification](https://nsearchives.nseindia.com/corporate/VEDL_03112026123045_VEDLSENewClarificationSigned.pdf)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is awaited. |SUBJECT: News Verification](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Vedanta Limited has informed the Exchange about the Copy of Newspaper publication in relation to Unaudited Financial Results of the Company for the Second Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/VEDL_29102026110808_SEIntimationNewspaperAdvQ2FY27signed.pdf)
- [Vedanta Limited has informed the Exchange about Earnings Call Transcript for the Second Quarter and Half Year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/VEDL_29102026173812_VEDLSEIntimationTranscriptofConferenceCallfinal.pdf)
- [VEDANTA LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_237_WebXMLFile_20261029_174157707.xml)
- [Vedanta Limited has informed the Exchange about Grants under Vedanta Limited Employee Stock Option Scheme 2026 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/VEDL_28102026130445_SEIntimationESOSGrantsfinalsigned.pdf)
- [Vedanta Limited has submitted to the Exchange, the outcome of Board Meeting held today for the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/VEDL_28102026140745_VEDLSEIntimationOutcomeOfBM28October2026FinancialResultssigned.pdf)
- [Vedanta Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Vedanta Limited posts record Q2 & H1 Results". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/VEDL_28102026141425_2VEDLSEIntimationOutcomeOfBMPressReleaseAndIRPPTfinalsigned.pdf)

### Fundamentals

Vedanta’s financial trajectory for the period ending September 2026 shows a marked improvement in earnings power and balance-sheet deleveraging, contrasting with prior-year volatility. Revenue from operations rose 57% year-on-year to ₹26,356 crore in Q2 FY2026-27, while operating profit surged to ₹8,390 crore. Net profit declined sequentially from Q1’s ₹7,918 crore to ₹6,202 crore, driven by lower other income (₹510 crore vs ₹3,168 crore in Sep 2024) and higher interest costs relative to the previous quarter, though total interest expense remains significantly lower than historical levels (₹2,599 crore TTM vs ₹4,197 crore in Mar 2025).

The most critical development is the aggressive reduction in leverage. Total borrowings fell sharply from ₹83,544 crore (Sep 2025) to ₹30,297 crore (Sep 2026), with non-current borrowings dropping from ₹57,606 crore to ₹22,280 crore. This deleveraging coincides with a massive asset base contraction: total assets decreased from ₹2,16,592 crore to ₹88,445 crore, suggesting significant divestments or restructuring rather than organic shrinkage. Cash flow from operations remained robust at ₹39,499 crore for the full year ended Mar 2026, supporting debt repayment.

Earnings quality metrics are strong, with CFO/EBITDA conversion at 205% for Mar 2026 and ROCE improving to 16% from 12% in Mar 2025. However, working capital management remains complex, with inventory days falling drastically from 234 to 66 days, while debtor days improved to 6 days. Promoter holding decreased slightly to 54.72%, while FIIs increased their stake to 15.78%. The next checkpoint is whether the company can sustain high operating margins on the reduced asset base without further one-off adjustments impacting net profit.

- Borrowings reduced by approximately 64% YoY to ₹30,297 crore as of Sep 2026, reflecting aggressive deleveraging alongside a 59% drop in total assets to ₹88,445 crore.
- Q2 FY2026-27 revenue grew 57% YoY to ₹26,356 crore, but net profit declined sequentially to ₹6,202 crore due to lower other income and sequential interest cost increases.
- Cash conversion remains strong with CFO/EBITDA at 205% for Mar 2026, and ROCE improved to 16% from 12% in Mar 2025, indicating better capital efficiency.
- Inventory days compressed sharply from 234 days (Mar 2025) to 66 days (Mar 2026), while promoter stakes diluted slightly to 54.72% and FII holdings rose to 15.78%.

### Bear Case

Vedanta faces significant operational and regulatory headwinds in India, particularly regarding land rights and environmental approvals. In Odisha, the company clarified that 28.8 acres of land reportedly cancelled by IDCO constitutes less than 1% of its Jharsuguda aluminium operations' total holding, though leasehold transfer formalities remain pending. Simultaneously, the Madras High Court has permitted activists to oppose Vedanta’s petition for a 'green copper' plant at the Thoothukudi Sterlite premises, citing risks of hazardous pollution despite the company's claims of reduced emissions. These developments highlight persistent friction with state authorities and local stakeholders.

Financially, the stock exhibits high volatility and substantial historical drawdowns. As of November 6, 2026, the share price closed at ₹261.75, down from a previous close of ₹263.80. The stock has suffered a year-to-date return of -56.6% and a one-year return of -48.2%. Technical indicators show a bearish monthly and weekly trend, with the Supertrend direction reversed on both timeframes. The stock is trading within a narrow range between support at ₹256.02 and resistance at ₹262.96, while annualized volatility stands at +59.6%, reflecting elevated risk for investors.

- Operational constraints: Land cancellation in Odisha affects 1% of Jharsuguda holdings; pending lease transfers and activist opposition to Thoothukudi green copper plant signal ongoing regulatory and social friction.
- Price performance: Stock closed at ₹261.75 on Nov 6, 2026, with YTD returns of -56.6% and 1-year returns of -48.2%.
- Technical weakness: Monthly and weekly Supertrends are bearish; ADX values (monthly: 49.11, weekly: 37.74) indicate strong trend momentum against the current price action.
- Volatility profile: Annualized volatility is +59.6% with a maximum drawdown of -71.4%, indicating high downside risk and price instability.

- [Bengal’s Big Five: ₹2.4 lakh crore in investment proposals since BJP took office in May 2026](https://www.businesstoday.in/india/story/bengals-big-five-rs2-4-lakh-crore-in-investment-proposals-since-bjp-took-office-in-may-2026-566147-2026-11-06)
- [Vedanta clarifies on Odisha land allotment issue; check stock reaction](https://www.businesstoday.in/markets/stocks/story/vedanta-clarifies-on-odisha-land-allotment-issue-check-stock-reaction-565362-2026-11-03)
- ['Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awards](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nobody-will-trust-you-sc-junks-centres-plea-against-vedanta-arbitration-awards-ravva-oil-to-claim-us-dollar-99-million-over-oilfield-dispute-from-1994/articleshow/135472554.cms)
- [Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards](https://www.thehindu.com/news/national/supreme-court-raps-centre-for-stalling-enforcement-of-vedanta-arbitration-awards/article71656332.ece)
- [Madras High Court permits Vaiko to oppose Vedanta’s plea for ‘green copper’ plant at Thoothukudi Sterlite premises](https://www.thehindu.com/news/national/tamil-nadu/madras-high-court-permits-vaiko-to-oppose-vedantas-plea-for-green-copper-plant-at-thoothukudi-sterlite-premises/article71655456.ece)
- [Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) - Vesting of Employee Stock Option Grants 2023 under Vedanta Limited Employee Stock Option Scheme 2016 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/VEDL_04112026164306_SEIntimationESOS2023Vestingsigned.pdf)
- [VEDANTA LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_237_WebXMLFile_20261104_164803433.xml)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is attached. |SUBJECT: News Verification](https://nsearchives.nseindia.com/corporate/VEDL_03112026123045_VEDLSENewClarificationSigned.pdf)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is awaited. |SUBJECT: News Verification](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Vedanta Limited has informed the Exchange about the Copy of Newspaper publication in relation to Unaudited Financial Results of the Company for the Second Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/VEDL_29102026110808_SEIntimationNewspaperAdvQ2FY27signed.pdf)

### FAQs

**How did Vedanta's financial performance trend in the second quarter of FY2026?**

For the quarter ended September 30, 2026, Vedanta reported a PAT of ₹16,202 crore (up 151% year-on-year) and EBITDA of ₹19,938 crore (up 106% year-on-year). The company also reduced net debt by ₹14,624 crore during Q2, bringing its net debt/EBITDA ratio to 0.1x.

**What is Vedanta's position on the Odisha land cancellation news?**

Vedanta clarified that the 28.8 acres of land reportedly cancelled by IDCO constitutes less than 1% of its total Jharsuguda aluminium operations' land holding. The company stated the matter is not material to its business and has no operational impact, noting that leasehold rights remain with Vedanta Limited pending transfer formalities to Vedanta Aluminium Metal Ltd.

**What recent legal developments affect Vedanta's arbitration awards?**

The Supreme Court dismissed the Union government's appeal against Vedanta and Ravva Oil, allowing them to enforce foreign arbitral awards totaling nearly $99 million stemming from a 1994 production sharing contract for the Ravva oilfield. The court criticized the Centre's resistance as potentially undermining India’s credibility as an international arbitration hub.

**What are the current technical price levels and trends for VEDL?**

As of November 6, 2026, VEDL closed at ₹261.75. Daily technical indicators show a bullish Supertrend direction, while weekly and monthly trends remain bearish. Key resistance levels are noted at ₹262.96 and ₹265.84, with support levels at ₹260.93 and ₹260.18. The stock has seen a YTD return of -56.6%.

- [Bengal’s Big Five: ₹2.4 lakh crore in investment proposals since BJP took office in May 2026](https://www.businesstoday.in/india/story/bengals-big-five-rs2-4-lakh-crore-in-investment-proposals-since-bjp-took-office-in-may-2026-566147-2026-11-06)
- [Vedanta clarifies on Odisha land allotment issue; check stock reaction](https://www.businesstoday.in/markets/stocks/story/vedanta-clarifies-on-odisha-land-allotment-issue-check-stock-reaction-565362-2026-11-03)
- ['Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awards](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nobody-will-trust-you-sc-junks-centres-plea-against-vedanta-arbitration-awards-ravva-oil-to-claim-us-dollar-99-million-over-oilfield-dispute-from-1994/articleshow/135472554.cms)
- [Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards](https://www.thehindu.com/news/national/supreme-court-raps-centre-for-stalling-enforcement-of-vedanta-arbitration-awards/article71656332.ece)
- [Madras High Court permits Vaiko to oppose Vedanta’s plea for ‘green copper’ plant at Thoothukudi Sterlite premises](https://www.thehindu.com/news/national/tamil-nadu/madras-high-court-permits-vaiko-to-oppose-vedantas-plea-for-green-copper-plant-at-thoothukudi-sterlite-premises/article71655456.ece)
- [Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) - Vesting of Employee Stock Option Grants 2023 under Vedanta Limited Employee Stock Option Scheme 2016 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/VEDL_04112026164306_SEIntimationESOS2023Vestingsigned.pdf)
- [VEDANTA LIMITED has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_237_WebXMLFile_20261104_164803433.xml)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is attached. |SUBJECT: News Verification](https://nsearchives.nseindia.com/corporate/VEDL_03112026123045_VEDLSENewClarificationSigned.pdf)
- [The Exchange has sought clarification from Vedanta Limited with respect to recent news item captioned Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation. The response from the Company is awaited. |SUBJECT: News Verification](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- [Vedanta Limited has informed the Exchange about the Copy of Newspaper publication in relation to Unaudited Financial Results of the Company for the Second Quarter and Half Year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/VEDL_29102026110808_SEIntimationNewspaperAdvQ2FY27signed.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹262.96
- Risk regime: Higher Price Risk

### Support levels
- 260.175
- 251.1
- 247.25

### Resistance levels
- 275.75
- 284.625
- 320.6

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.78% |
| return_10 | +15.56% |
| return_1m | -1.45% |
| return_1y | -48.16% |
| return_20 | +3.42% |
| return_3m | -4.82% |
| return_5 | +10.03% |
| return_6m | -17.27% |
| return_since_start | -41.11% |
| return_ytd | -56.57% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -71.35% |
| annualized_volatility | +59.59% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Vedanta Limited Q2 FY2026-27: Revenue and pre-tax profit rise QoQ

Revenue from operations increased 8.9% quarter on quarter to ₹26,356 crore, and profit before tax rose 16.7% to ₹8,390 crore. But profit for the period fell 21.7% from Q1 FY2026-27 to ₹6,202 crore, while continuing-operations profit increased; the distinction is also visible in earnings per share.

## Revenue and profitability

Revenue from operations rose from ₹24,205 crore in Q1 FY2026-27 to ₹26,356 crore in Q2. Total expenses increased 5.2% to ₹18,476 crore. Profit before exceptional items and tax was ₹8,390 crore, up from ₹7,189 crore in Q1; profit before tax was also ₹8,390 crore in Q2.

Revenue had been ₹23,369 crore in Q3 FY2025-26 and ₹24,609 crore in Q4, before reaching ₹24,205 crore in Q1 FY2026-27. Compared with Q2 FY2025-26, Q2 revenue was down 33.9%, while profit before tax rose 69.6% from ₹4,948 crore.

## Tax and earnings

Tax expense increased 15.5% quarter on quarter to ₹2,188 crore. Current tax rose to ₹2,178 crore from ₹1,810 crore, while deferred tax declined to ₹10 crore from ₹85 crore. Profit from continuing operations increased 17.2% to ₹6,202 crore from ₹5,294 crore in Q1.

Basic and diluted EPS from continuing and discontinued operations were ₹9.35 and ₹9.30, respectively, compared with ₹14.02 and ₹13.93 in Q1. Continuing-operations EPS was also ₹9.35 basic and ₹9.30 diluted in Q2, up from ₹7.95 and ₹7.90 in Q1.

## Total profit and comprehensive income

Total profit for the period was ₹6,202 crore, down from ₹7,918 crore in Q1 FY2026-27. Of Q2 profit, ₹3,650 crore was attributable to owners of the parent and ₹2,552 crore to non-controlling interests. Comprehensive income was ₹6,306 crore, down 30.3% from ₹9,047 crore in Q1; ₹3,780 crore was attributable to owners of the parent.

The divergence between higher continuing-operations profit and lower total profit is reflected in EPS: continuing-operations EPS rose quarter on quarter, while EPS including discontinued operations declined.

## Cash flow and liquidity

Operating cash flow was ₹14,046 crore in Q2, against investing cash outflow of ₹10,220 crore; reported free cash flow was ₹3,826 crore. Financing activities provided ₹3,623 crore.

Cash and cash equivalents stood at ₹3,719 crore on 30 September 2026, compared with ₹1,370 crore on 31 March 2026 and ₹4,669 crore on 30 September 2025. Current investments were ₹16,210 crore at quarter end, up from ₹14,135 crore at 31 March 2026. Other bank balances were ₹6,611 crore.

## Balance sheet

Total assets were ₹88,445 crore on 30 September 2026, compared with ₹2,33,237 crore on 31 March 2026 and ₹2,16,592 crore on 30 September 2025. Property, plant and equipment was ₹30,316 crore and capital work in progress ₹12,540 crore. Inventories stood at ₹7,035 crore, down from ₹17,237 crore on 30 September 2025.

Non-current borrowings were ₹22,280 crore, compared with ₹57,606 crore on 30 September 2025. Equity attributable to owners of the parent was ₹12,761 crore and non-controlling interest was ₹13,541 crore at 30 September 2026.

## Key Takeaway

Q2 FY2026-27 delivered quarter-on-quarter growth in revenue, pre-tax profit and continuing-operations earnings, alongside positive reported free cash flow. However, total profit and comprehensive income fell from Q1, and EPS including discontinued operations declined, so the improvement in continuing earnings did not translate into higher total profit for the period.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +54.72%
- FII holding: +15.78%
- DII holding: +10.83%
- Mutual fund holding: +4.60%
- Retail holding: +13.69%
- Promoter pledged: +0.00%

### Major reported shareholders

- TWIN STAR HOLDINGS LTD — +38.35% (Bodies Corporate)
- VEDANTA HOLDINGS MAURITIUS II LIMITED — +12.60% (Bodies Corporate)
- LIFE INSURANCE CORPORATION OF INDIA — +4.55%
- VEDANTA HOLDINGS MAURITIUS LIMITED — +2.75% (Bodies Corporate)
- PTC CABLES PRIVATE LIMITED — +2.10%
- ICICI PRUDENTIAL FUND — +1.53%
- WELTER TRADING LIMITED — +0.98% (Bodies Corporate)
- VEDANTA NETHERLANDS INVESTMENTS B.V. — +0.04% (Bodies Corporate)

## Official filings

- 2026-11-04 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_04112026164306_SEIntimationESOS2023Vestingsigned.pdf)
- 2026-11-04 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_237_WebXMLFile_20261104_164803433.xml)
- 2026-11-03 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_03112026123045_VEDLSENewClarificationSigned.pdf)
- 2026-11-02 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-10-29 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_29102026110808_SEIntimationNewspaperAdvQ2FY27signed.pdf)
- 2026-10-29 — Earnings Transcript: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_29102026173812_VEDLSEIntimationTranscriptofConferenceCallfinal.pdf)
- 2026-10-29 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_237_WebXMLFile_20261029_174157707.xml)
- 2026-10-28 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_28102026130445_SEIntimationESOSGrantsfinalsigned.pdf)
- 2026-10-28 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_28102026140745_VEDLSEIntimationOutcomeOfBM28October2026FinancialResultssigned.pdf)
- 2026-10-28 — Press Release: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_28102026141425_2VEDLSEIntimationOutcomeOfBMPressReleaseAndIRPPTfinalsigned.pdf)
- 2026-10-28 — Earnings Presentation: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_28102026141343_2VEDLSEIntimationOutcomeOfBMPressReleaseAndIRPPTfinalsigned.pdf)
- 2026-10-28 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_237_WebXMLFile_20261028_174047180.xml)
- 2026-10-28 — Financial Results Filing: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747911_28102026054238_WEB.xml)
- 2026-10-28 — Financial Results Filing: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747916_28102026054420_WEB.xml)
- 2026-10-28 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_28102026175751_VEDLSEIntimationConferenceCallRecordingLinksigned.pdf)
- 2026-10-28 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_237_WebXMLFile_20261028_180717907.xml)
- 2026-10-22 — Board Meeting Notice: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_22102026151944_VEDLPriorIntimationofBoardMeetingsigned.pdf)
- 2026-10-22 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_22102026152603_VEDLPriorIntimationofBoardMeetingsigned.pdf)
- 2026-10-22 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_22102026152535_VEDLPriorIntimationofBoardMeetingsigned.pdf)
- 2026-10-22 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_237_WebXMLFile_20261022_154222346.xml)
- 2026-10-22 — Board Meeting Notice: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_237_WebXMLFile_20261022_154222346.xml)
- 2026-10-22 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_237_WebXMLFile_20261022_155059768.xml)
- 2026-10-20 — Generic Announcement: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_20102026123223_VEDLSEIntimationReg30_9_HZLResultsQ2FY2027signed.pdf)
- 2026-10-18 — Press Release: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_18102026120209_SEintimationGamsbergExpansionfinalsigned.pdf)
- 2026-10-16 — Credit Rating Update: Vedanta Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL_16102026182606_VEDLSEIntimationCrisilRatingsFinalsigned.pdf)

## News and market events

- 2026-11-06 — BUSINESSTODAY: **Bengal’s Big Five: ₹2.4 lakh crore in investment proposals since BJP took office in May 2026** — West Bengal has attracted investment proposals worth over ₹2.4 lakh crore from five major corporate groups since the BJP-led government assumed office in May 2026, with Adani Group leading at more than ₹1 lakh crore. The announcements coincide with the unveiling of the Investment Promotion Policy, 2026, which offers financial assistance of up to 120% of eligible fixed capital investment to encourage industrial expansion in sectors like steel, power, and defence. While these figures represent multi-year roadmaps rather than completed investments, their realization depends on land acquisition, r — [Source](https://www.businesstoday.in/india/story/bengals-big-five-rs2-4-lakh-crore-in-investment-proposals-since-bjp-took-office-in-may-2026-566147-2026-11-06)
- 2026-11-03 — BUSINESSTODAY: **Vedanta clarifies on Odisha land allotment issue; check stock reaction** — Vedanta Ltd clarified that the 28.8 acres of land in Odisha reportedly cancelled by IDCO constitutes less than 1 per cent of its Jharsuguda aluminium operations' total holding and is not material to its business. The company noted that while leasehold rights remain with Vedanta Limited pending transfer formalities to Vedanta Aluminium Metal Ltd, it is addressing correspondence regarding alleged non-utilisation. Following the clarification, Vedanta shares traded marginally lower, down 0.22 per cent at Rs 245.10. — [Source](https://www.businesstoday.in/markets/stocks/story/vedanta-clarifies-on-odisha-land-allotment-issue-check-stock-reaction-565362-2026-11-03)
- 2026-11-02 — Economic Times: **'Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awards** — The Supreme Court dismissed the Union government's appeal, allowing Vedanta and Ravva Oil to enforce $99 million arbitral awards stemming from a 1994 production sharing contract for the Ravva oilfield. The court criticized the Centre's resistance to enforcing these two-decade-old awards, warning that such litigation undermines confidence in India's arbitration regime. This decision follows the Delhi High Court's earlier rejection of the government's objections to the enforcement. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nobody-will-trust-you-sc-junks-centres-plea-against-vedanta-arbitration-awards-ravva-oil-to-claim-us-dollar-99-million-over-oilfield-dispute-from-1994/articleshow/135472554.cms)
- 2026-11-02 — The Hindu: **Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards** — The Supreme Court dismissed the Union government’s challenge to Delhi High Court orders allowing Vedanta Ltd. and Ravva Oil to enforce foreign arbitration awards totaling nearly $99 million, questioning the Centre's resistance as potentially undermining India’s credibility as an international arbitration hub. The Bench upheld the enforcement of awards stemming from a 1994 production-sharing contract for the Ravva oilfield, noting that prolonged delays since the initial 2004 partial award were unjustified. This ruling reinforces the finality of arbitral decisions seated in Kuala Lumpur and reje — [Source](https://www.thehindu.com/news/national/supreme-court-raps-centre-for-stalling-enforcement-of-vedanta-arbitration-awards/article71656332.ece)
- 2026-11-02 — The Hindu: **Madras High Court permits Vaiko to oppose Vedanta’s plea for ‘green copper’ plant at Thoothukudi Sterlite premises** — The Madras High Court has permitted Marumalarchi Dravida Munnetra Kazhagam general secretary Vaiko, along with a traders’ federation and an activist, to oppose Vedanta Limited’s writ petition challenging the Tamil Nadu Pollution Control Board’s refusal to grant permission for a proposed 'green copper' plant at the defunct Sterlite premises in Thoothukudi. While Vedanta argues that the new facility would utilize recycled inputs to significantly reduce carbon emissions and slag generation, Vaiko contends that the proposal poses risks of hazardous pollution and must be blocked by the state govern — [Source](https://www.thehindu.com/news/national/tamil-nadu/madras-high-court-permits-vaiko-to-oppose-vedantas-plea-for-green-copper-plant-at-thoothukudi-sterlite-premises/article71655456.ece)
- 2026-11-02 — Mint: **SC rebuke in Vedanta dispute exposes gaps in India’s fast-track arbitration push | Company Business News** — The Supreme Court rebuked the Union government for frustrating the enforcement of a 22-year-old arbitral award in favor of Vedanta Ltd and Ravva Oil (Singapore) Pvt Ltd, highlighting systemic delays that undermine India's ambition to become a global arbitration hub. The apex court dismissed the Centre’s appeal against a Delhi High Court order allowing enforcement, noting that prolonged state-driven litigation contradicts recent legal reforms aimed at expediting dispute resolution. This case underscores the gap between policy goals and institutional progress, as evidenced by the non-constitutio — [Source](https://www.livemint.com/companies/news/vedanta-ravva-oilfield-arbitration-dispute-supreme-court-11793598627571.html)
- 2026-10-29 — MONEYCONTROL: **Buy Vedanta; target of Rs 330: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Vedanta, setting a price target of Rs 330. — [Source](https://www.moneycontrol.com/news/business/buy-vedanta-target-of-rs-330-icici-securities-14063799.html)
- 2026-10-29 — MONEYCONTROL: **Vedanta lines up $25 bn investment over 3 years for organic growth; eyes $50 bn revenue** — Vedanta announced plans to invest approximately $25 billion over the next three years to fund organic growth and brownfield expansions in its aluminium, copper, zinc, oil, and gas businesses. The conglomerate aims to become one of the world's largest mining companies in critical metals and a leading silver producer within three to four years. — [Source](https://www.moneycontrol.com/news/business/vedanta-lines-up-25-bn-investment-over-3-years-for-organic-growth-eyes-50-bn-revenue-14063778.html)
- 2026-10-29 — Mint: **Vedanta’s metals and oil businesses post strong Q2, steel and power lag | Company Business News** — Vedanta Ltd reported strong Q2 financial results with revenue rising 6% year-on-year to ₹2,488 crore and profit attributable to shareholders turning positive at ₹746 crore, reversing a previous year's loss. The performance was driven by significant profit growth in its metals and oil businesses, while steel operations continued to post losses. — [Source](https://www.livemint.com/companies/vedantas-metals-and-oil-businesses-post-strong-q2-steel-and-power-lag-11793283371470.html)
- 2026-10-29 — MONEYCONTROL: **Neutral Vedanta; target of Rs 250: Motilal Oswal** — Motilal Oswal has issued a neutral rating for Vedanta with a price target of Rs 250. — [Source](https://www.moneycontrol.com/news/business/neutral-vedanta-target-of-rs-250-motilal-oswal-14063397.html)
- 2026-10-29 — Mint: **Best Vedanta stock to buy after Q2 results 2026: Vedanta Iron and Steel, Vedanta Oil and Gas, others — Which is better? | Stock Market News** — Hindustan Zinc reported strong Q2FY27 results with revenue of ₹14,582 crore and EBITDA margin of 61.3%, while Vedanta Ltd posted a record consolidated net profit of ₹6,202 crore and reduced its net debt significantly. — [Source](https://www.livemint.com/market/stock-market-news/best-vedanta-stock-to-buy-after-q2-results-2026-vedanta-iron-and-steel-vedanta-oil-and-gas-others-which-is-better-11793255299161.html)
- 2026-10-29 — BUSINESSTODAY: **Ola Electric, Vedanta, CarTrade Tech: Top stocks to trade — Check key levels, targets & stop loss** — Indian equity benchmark indices ended lower on Wednesday, after a volatile session led by rise in the crude oil prices and US Fed's policy outcome. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/ola-electric-vedanta-cartrade-tech-top-stocks-to-trade-check-key-levels-targets-stop-loss-564424-2026-10-29)
- 2026-10-29 — Mint: **Indian shares set for positive start after Fed holds rates steady; elevated oil weighs** — INDIA-STOCKS:Indian shares set for positive start after Fed holds rates steady; elevated oil weighs — [Source](https://www.livemint.com/market/stock-market-news/indian-shares-set-for-positive-start-after-fed-holds-rates-steady-elevated-oil-weighs-11793240729336.html)
- 2026-10-28 — Economic Times: **Vedanta explores Rs 80,000 crore investment in Bengal for power, aluminium projects: Anil Agarwal** — In a promising development, Vedanta's Chairman Anil Agarwal has signaled interest in investing up to Rs 80,000 crore in West Bengal, concentrating on energy and aluminium manufacturing. This venture could generate thousands of jobs, with Asansol identified as a pivotal site due to its resources and infrastructure. Moreover, Agarwal is committed to fostering smaller businesses for downstream industry growth, with thorough feasibility studies to ensure the project's potential success. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/vedanta-explores-rs-80000-crore-investment-in-bengal-for-power-aluminium-projects-anil-agarwal/articleshow/135269646.cms)
- 2026-10-28 — MONEYCONTROL: **Vedanta exploring Rs 80,000-cr investment in Bengal in power, aluminium: Anil Agarwal** — Vedanta exploring Rs 80,000-cr investment in Bengal in power, aluminium: Anil Agarwal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal — [Source](https://www.moneycontrol.com/news/business/vedanta-exploring-rs-80-000-cr-investment-in-bengal-in-power-aluminium-anil-agarwal-14062760.html)
- 2026-10-28 — Mint: **Vedanta vs Vedanta Aluminium Q2 results 2026 compared: Profit, revenue, EBITDA and debt explained of Anil Agarwal firms** — Vedanta Limited and Vedanta Aluminium both more than doubled their net profits in Q2FY27. Vedanta earned ₹3,650 crore, while VAML reported ₹5,167 crore. Higher commodity prices and production supported results, and both companies reduced debt. — [Source](https://www.livemint.com/market/stock-market-news/vedanta-vs-vedanta-aluminium-q2-results-2026-compared-profit-revenue-ebitda-and-debt-explained-of-anil-agarwal-firms-11793198556956.html)
- 2026-10-28 — The Hindu: **Vedanta net doubles in Q2 on better realisation** — Vedanta Q2 profits double on higher realisations; zinc costs drop and debt improves amid stronger demand and efficiency gains. — [Source](https://www.thehindubusinessline.com/companies/vedanta-net-doubles-in-q2-on-better-realisation/article71636242.ece)
- 2026-10-28 — Economic Times: **Metals thrust, strong growth engines power Vedanta's stellar July-September** — The metals-to-oil conglomerate's profit in Q2 was boosted by higher base metal prices. Vedanta attributed its robust Q2 show to higher commodity prices and favourable foreign exchange movements, among other things. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/metals-thrust-strong-growth-engines-power-vedantas-stellar-july-september/articleshow/135260476.cms)
- 2026-10-28 — The Hindu: **Indian miner Vedanta posts quarterly profit rise on surge in base metal prices** — Vedanta posts a 9.11% quarterly profit rise as base metal prices, especially zinc and copper, lift revenue and margins. — [Source](https://www.thehindubusinessline.com/companies/indian-miner-vedanta-posts-quarterly-profit-rise-on-surge-in-base-metal-prices/article71635183.ece)
- 2026-10-28 — FEEDS: **Vedanta Q2 Results: Profit Falls 33% As Demerged Businesses Drop Out; Ebitda Rises 17%** — Net profit attributable to shareholders was Rs 3,650 crore in the JulySeptember period, against Rs 5,473 crore in the preceding quarter, Vedanta's filing showed. — [Source](https://www.ndtvprofit.com/markets/vedanta-q2-results-profit-falls-33-sequentially-as-demerged-businesses-drop-out-ebitda-rises-17-12247667)
- 2026-10-28 — Economic Times: **Vedanta Q2 Results: Profit zooms 78% YoY to Rs 6,202 crore; revenue surges 57%** — Vedanta Q2 Results: Revenue from operations in the reporting period increased 57% YoY to Rs 26,356 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/vedanta-q2-results-profit-zooms-78-yoy-to-rs-6202-crore-revenue-surges-57/articleshow/135258623.cms)
- 2026-10-28 — CNBC-TV18: **Vedanta Q2 Results: Mining conglomerate reports record profit, margin expands** — Vedanta's profitability in the September quarter was the highest on record, and the company also managed to bring down its net debt by ₹4,624 crore during the quarter. The stock though, has underperformed in the last one month. — [Source](https://www.cnbctv18.com/market/vedanta-q2-results-copper-zinc-facor-ports-share-price-move-dividends-20021396.htm)
- 2026-10-28 — BUSINESSTODAY: **Vedanta Q2 earnings: Net profit rises 151%, revenue crosses Rs 25,000 crore** — Shares of Vedanta Ltd were trading nearly 3% higher in the afternoon session today after the metals conglomerate announced its Q2 earnings. — [Source](https://www.businesstoday.in/markets/stocks/story/vedanta-q2-earnings-net-profit-rises-151-revenue-crosses-rs-25000-crore-564259-2026-10-28)
- 2026-10-28 — FEEDS: **Q2 Results Live: City Union Bank Profit Jumps Over 26%; Info Edge Declares Dividend** — Hindustan Unilever, Vedanta, TVS Motor Company, Hyundai Motor India, and Hero MotoCorp are among the 120 companies scheduled to announce their Q2 FY27 results today, October 28. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit. — [Source](https://www.ndtvprofit.com/markets/q2-results-live-updates-hul-vedanta-tvs-motor-jsw-energy-among-120-companies-to-announce-earnings-today-12246315)
- 2026-10-28 — CNBC-TV18: **Q2 Results LIVE Updates: L&T, Waaree react to results; HUL, Adani Ent, Pidilite report today** — Q2 Results LIVE Updates: Three Nifty 50 companies Adani Enterprises, Adani Ports, Hindustan Unilever and over 50 other companies including Hero MotoCorp, Hyundai Motor India, Meesho, Pidilite, PVR Inox, TVS Motor, Vedanta, and more are reporting their September quarter earnings today. Follow for all the LIVE result updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-hul-adani-hyundai-pidilite-bandhan-kpit-pnb-hsg-pnc-hero-tvs-vedanta-lt-share-price-liveblog-20020843.htm)

## Business profile

**Strategic vision:** Global natural resources company operating in basic materials.

### Business segments
- **Zinc, Lead & Silver:** Vedanta is a global integrated producer of zinc and lead, holding a significant stake in Hindustan Zinc Limited and managing international operations through Vedanta Zinc International.
- **Copper & Nickel:** The Sterlite Copper business is a primary producer of refined copper in India, while Vedanta Nico produces nickel and cobalt sulphate.
- **Ferro Chrome:** Vedanta operates in the Ferro Chrome segment, producing an alloy used in the manufacturing of stainless steel.

### Competitive strengths
- Integrated operations across the value chain
- Global operational footprint
- Diverse portfolio of essential metals and minerals

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/vedl
Markdown representation: https://faxioms.com/stocks/vedl?render=md
