Vedanta Oil & Gas Share: Share jumped 37% in 2 days, experts are bullish, know what is the next signal

Business Desk – Vedanta Oil & Gas Share Price witnessed a tremendous rise for the second consecutive day. On July 2, the company’s shares jumped by about 17%, whereas a day earlier it had risen by 20% and had hit the upper circuit. The stock has risen by about 37% in just two trading days, due to which the interest of investors has increased significantly.

Strong rise in shares after listing

Vedanta Oil and Gas shares were listed on June 15 at Rs 38 on NSE and Rs 39 on BSE. On Thursday it reached Rs 45.69. That means the share has given returns of more than 20% since listing.

Company’s big plan regarding growth

According to brokerage firm Yes Securities, the company has shared the strategy of increasing production, strengthening oil-gas reserves and increasing operating efficiency in the recently held analyst meet.

The company believes that there is huge growth potential in Rajasthan, coastal assets, north-east India and deepwater areas. Apart from this, the company can also benefit from the increasing focus on the Enhanced Oil Recovery Program of the government.

Target to double production by FY29

Analysts at PL Capital say that the company aims to double production by FY29. Along with this, special attention is also being given to reducing operating costs. In the financial year 2026, the company’s cost was $ 16.5 per barrel, which is planned to be reduced to $ 10 to $ 13 per barrel. Analysts believe that the company’s asset-level roadmap is strong and there are many factors in the near future that will help in increasing production.

Trading increased after coming out of T2T

Shares of Vedanta Aluminium, Vedanta Iron and Steel, Vedanta Oil and Gas and Vedanta Power were listed on the stock exchanges on June 15. For the first 10 trading days, they were kept in the Trade-to-Trade (T2T) segment, where intra-day trading is not allowed and delivery is mandatory in every deal. After these stocks came out of T2T on July 1, there was a significant increase in both trading volume and momentum.