The shares of Vedanta Power rose 4% on Wednesday, after falling for two consecutive days following their much-awaited market debut after the mega demerger on Monday.

Vedanta Power debuted at Rs 41.80 per share on the NSE on Monday. The shares of the company fell 2% on the first day, and another 2% on Tuesday.

The shares of Vedanta Power jumped around 4% today to trade at Rs 42 apiece on the NSE, crossing its listing price. The company’s market capitalisation currently stands at more than Rs 16,126 crore.

Also read: Vedanta Power shares list at Rs 42 as mega demerger concludes

About Vedanta Power

Vedanta Power has more than 4 GW of installed capacity in four strategic assets in Punjab, Andhra Pradesh, Chhattisgarh and Odisha. It has several long-term and mid-term Power Purchase Agreements (PPAs) with state utilities.The power company aims to become one of India’s top three private thermal power players by FY33 through a combination of organic expansion and asset turnarounds. Its portfolio comprises Vedanta Power Talwandi Sabo Thermal Plant in Punjab (1,980 MW), Vedanta Power Meenakshi Energy in Andhra Pradesh (1,000 MW), Vedanta Power Sakti in Chhattisgarh (600 MW operational with another 600 MW under commissioning), and Vedanta Power Jharsuguda Thermal Plant in Odisha (600 MW).

Also read: Vedanta Aluminium vs Vedanta Power; which can give investors better wealth in Rs 2 lakh crore demerger play

About Vedanta demerger

The Anil Agarwal-led conglomerate announced in April that each of its eligible shareholders will get one share in each of the four companies, namely Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel, for every share held in Vedanta held on record date, marking one of the biggest corporate restructurings in India’s metals and mining space.

Vedanta had set May 1 as the record date for the much-awaited demerger. According to exchange notices, Vedanta Oil & Gas, Vedanta Power, Vedanta Aluminium Metal and Vedanta Iron & Steel, which made their much-awaited market debut on Monday, were initially placed in the Trade-to-Trade (T2T) segment, where every transaction results in compulsory delivery.

Also read: 4 new Vedanta Group stocks debut on Dalal Street. What’s ahead?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of Yes Bank gained as much as 6.5% to their day’s high of Rs 25.45 on the BSE on Wednesday, extending gains for a fourth straight session and rallying 15% over the same period. The private lender’s stock price is up 17% in 2026 and about 26% in one year.

From a fundamental perspective, the recent uptrend comes on the back of the lender announcing a strategic partnership with Northern Arc Capital aimed at expanding access to credit, scaling digital lending and offering debt investment opportunities to customers.

Also read: 5 under-the-radar stocks owned by 3 largest smallcap portfolios

For traders, here’s what technicals suggest

Ajit Mishra, Senior Vice President at Religare Broking, said Yes Bank share price has seen a healthy recovery from its crucial support zone near Rs 17 and is now moving towards a major hurdle at around Rs 26, which coincides with its 20-week exponential moving average (WEMA).

He expects the stock to face some consolidation around that level, with a decisive breakout above Rs 26 potentially triggering the next leg of the recovery. Mishra advises short-term traders to consider booking partial profits near Rs 26 and wait for sustained strength above that level before re-entering, or accumulate on dips towards the Rs 23-24 zone.

Ruchit Jain, Vice President of Technical Research at Motilal Oswal, said the banking and NBFC space has started gaining momentum and has outperformed the broader market this month. He noted that Yes Bank has broken above its key resistance level of Rs 24, supported by rising volumes over the past few sessions. According to Jain, the stock’s 200-week exponential moving average, placed around Rs 26, will be an important resistance level to watch.

Virat Jagad, Senior Technical Research Analyst at Bonanza, said the stock has delivered a decisive breakout above a long-term descending trendline resistance, backed by a strong bullish candle that cleared major overhead supply.
He noted that the RSI has moved firmly into bullish territory above 60 without any bearish divergence, signalling strong upward momentum. Jagad added that the stock’s EMAs remain aligned in a structural uptrend, supporting fresh long positions in the Rs 24.00-Rs 24.60 range, with upside targets of Rs 28.50 and Rs 31. He recommends a stop loss at Rs 22.80 for fresh positions and a trailing stop loss at Rs 21.90 for existing holdings.Read more: AI boom hands HFCL investors nearly 200% returns in just 6 months. Overheated or undervalued?

Yes Bank Q4 snapshot

The private lender reported a 45% year-on-year surge in net profit to Rs 1,068 crore for the January-March quarter of FY26, while its net interest income rose 16% YoY to Rs 2,638 crore for the quarter under review.

Net interest margin (NIM) gained 20 bps to 2.7%, while asset quality improved. Gross non-performing assets (NPA) ratio declined 30 bps YoY to 1.3%, while net NPA ratio declined 10 bps to 0.2%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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The Hawkstone brewery co-founder confirmed the news on his hit television show Clarkson’s Farm

Jeremy Clarkson has announced he has been diagnosed with cancer. The former Top Gear presenter and Hawkstone brewery co-founder revealed the news in the latest episodes of season five of Clarkson’s Farm.

He disclosed that the disease was “aggressive” but had been caught at an early stage.

“I’ve got cancer,” Clarkson told farm manager Kaleb Cooper and farmhand Charlie Ireland during discussions about harvest planning.

The TV presenter-turned-farmer said he anticipated being “fine” but would be out of action “for a while”.

Speaking from a hospital bed at the close of the season finale, Clarkson explained he had encountered complications throughout his treatment.

“We started season five with me in a hospital bed and here we are at the end of season five and I’m back in a hospital bed,” he said.

The 66-year-old reflected on the future of the show.

“What I wanted to say was if this is all successful, I’ll see you for season six, and if it isn’t, I won’t,” he said. “Take care, everyone.”

The revelation comes nearly two years after Clarkson underwent a cardiac procedure.

Clarkson’s Farm follows the veteran television presenter and his team as they tackle the trials and tribulations of running Diddly Squat Farm near Chipping Norton, Oxfordshire.

Since taking on the running of his farm in 2019 and subsequently launching his hugely popular reality series, Clarkson has become a prominent champion of British farmers, attending a protest in London against the Government’s plans to impose inheritance tax on farmland in November 2024.

The programme’s sixth series is scheduled to broadcast in 2027.

Clarkson has also found success with his brewery business. Earlier this month, Gloucestershire’s Hawkstone was named the fastest-growing private business in the South West of England by the Sunday Times.

Hawkstone topped the Sunday Times 100 regional list after making £44.9m in sales in the year to March – a staggering 128.19 per cent average annual growth in the last three years.