Vedanta Aluminium Share Price Today Jumps 2.6% After Motilal Oswal Initiates Coverage; Sees 20% Upside | TP

Vedanta Aluminium Share Price Today: Shares of Vedanta Aluminium surged on Friday after brokerage Motilal Oswal initiated coverage on the metal stock. The brokerage sees 20% upside in the metal stock.

Vedanta Aluminium share price today opened in green and was trading 2.59% higher at Rs 455.95 per share on BSE with a market capitalisation of Rs 1,79,467.26 crore. The stock had hit an intraday high mark of Rs 455.85 per share and an intraday low mark of Rs 445.00 per share during Friday's intraday trade so far.

Vedanta Aluminium Share Price Outlook

India's largest pure-play aluminium company is uniquely positioned to benefit from both favourable industry dynamics and company-specific structural drivers. Vedanta Aluminium, according to Motilal Oswal, is approaching a significant earnings inflexion point, with EBITDA anticipated to post over 18% CAGR for financial year 2026-28.

Vedanta Aluminium's growth will be driven by three simultaneous factors, including volume expansion, structural cost reductions and an increasing contribution from value-added products, as per the Motilal Oswal report.

Vedanta Aluminium Share Price Target

Motilal Oswal gave Vedanta Aluminium a share price target of Rs 540 per share, indicating a 20% upside. "The stock trades at 5.4x EV/EBITDA on our FY28 estimate. We initiate coverage on the stock with a BUY rating and a TP of INR540 (premised on an SoTP valuation). We believe the transition toward becoming more captive and backward integrated will support a structural re-rating of valuation multiples," noted the brokerage in its report.

Key Risks In Vedanta Aluminium Growth Story

Key risks to Vedanta Aluminium's growth story include delay in execution, aluminium price volatility, input cost inflation and trade-related challenges.

"In our view, VAML's ongoing backward integration, rising contribution from VAP, and robust domestic demand outlook provide strong visibility on earnings growth and cash flow generation over the medium term. We forecast its consolidated revenue/EBITDA/PAT to grow at ~11%/18%/23% CAGR over FY26- 28, aided by volume growth, margin expansion, and increasing downstream contribution."

Vedanta Aluminium Share Price Trend

Vedanta Aluminium share price opened higher on Friday. The stock had touched its 52-week high mark of Rs 538 per share on BSE with a market capitalisation of Rs 1,74,813.90 crore on June 15, 2026. The stock dipped to its 52-week low mark of Rs 421.65 per share on June 29, 2026. Its share price value has declined nearly 2.79% in one week.

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