Vedanta Shares Plunge 8% Despite Strong Q3 Results Amid Global Metal Price Decline

• Vedanta shares dropped over 8% on January 30, snapping a six-day gaining streak, despite reporting strong Q3 FY26 results.
• The company announced a consolidated net profit of Rs 5,710 crore for Q3 FY26, a 61% YoY jump, with revenue rising 37% to Rs 23,369 crore.
• Vedanta achieved its highest-ever EBITDA of ₹15,171 crore, with record performance in Aluminium and Zinc India businesses.
• The share fall is attributed to broader downturn in metal stocks, profit booking, falling metal prices, and speculation of a hawkish Federal Reserve Governor.
• Brokerages have mixed views: Motilal Oswal maintains 'Neutral' with a target of Rs 810, while Emkay Global has a 'Buy' call with a target of Rs 850.

Why It Matters: Vedanta shares fell despite strong Q3 results, impacted by global metal price decline and market sentiment.