Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are down for the third straight session, taking their three-day fall past 18%.
The stock is down another 7% on Monday, April 7, having declined nearly 9% last Friday and 4% last Thursday.
The stock has declined in five out of the last six trading sessions.
With this fall, the stock has now corrected nearly 30% from its 52-week high of ₹526. The stock is still 15% above its 52-week low of ₹317.
On the charts, the stock has slipped below all of its key moving averages, being the 50, 100 and 200-Day Moving Average, after this recent fall.
The stock has also entered oversold territory with its Relative Strength Index (RSI) falling to levels of 26. An RSI reading below 30 indicates that the stock is at oversold levels.
Recently, Vedanta delayed its demerger timeline to September 2025, citing regulatory approvals. The plan is to split the existing business into five different, independent, listed entities. Shareholders will get one share of every demerged entity for every one share held of the currently listed company.
Vedanta's fall is in-line with the fall in other metal stocks as fears of recession in the US rise. Metal stocks have been on a downtrend despite a correction in the US Dollar, which is generally a positive for them.
Among the 15 analysts that have coverage on Vedanta, nine of them still have a "buy" rating on the stock, five of them say "hold", while one has a "sell" rating.
ICICI Securities has the highest price target for Vedanta currently at ₹605, followed by Emkay at ₹575 and IIFL Institutional at ₹570.
Kotak has the lowest target on Vedanta currently at ₹465. The stock is trading below all of these levels.
Shares of Vedanta are currently trading 5.6% lower at ₹379. The stock has erased all the gains of 2025 with this fall, and are currently down 15% in 2025.