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Citi names Vedanta Aluminium its top Indian metal pick, sees 20% upside. Here's why
Citi initiated coverage on Vedanta Aluminium with a 'Buy' rating and a Rs 560 target price, identifying it as its top Indian metals pick. The brokerage cited a positive aluminium outlook, growth potential, and cost efficiencies as key drivers for its bullish stance. Despite an initial 11% drop post-listing, analysts see strong long-term potential in the aluminium business.
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economictimes.indiatimes.com
Vedanta Aluminium lists at Rs 527 on BSE after demerger. Is it the group’s new crown jewel?
Vedanta Aluminium Metal shares debuted on Monday at Rs 527 on the BSE. The company's market capitalization reached Rs 2.06 lakh crore. Analysts had predicted a lower debut range.…
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Anil Agarwal bets $20 billion on aluminium, steel, and zinc, and says Vedanta is only getting started
Vedanta Group Chairman Anil Agarwal announced a $20 billion capital expenditure plan over three years, aiming to triple group businesses. The ambitious expansion targets…
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Vedanta Aluminium, Oil & Gas and Power shares fall up to 5% on Day 2. What should investors do?
Shares of newly demerged Vedanta entities saw a dip post-listing. Investors are now weighing long-term opportunities, with Vedanta Aluminium emerging as a clear heavyweight due to…
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Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?
Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on…
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newsbytesapp.com
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium shares have plunged 14% in three days since their Rs 522 debut, erasing over Rs 29,000 crore in market value despite being touted as Vedanta's crown jewel.
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Citi names Vedanta Aluminium its top Indian metal pick, sees 20% upside. Here's why
Citi initiated coverage on Vedanta Aluminium with a 'Buy' rating and a Rs 560 target price, identifying it as its top Indian metals pick. The brokerage cited a positive aluminium…