Vedanta Share Price Falls 8% Despite Strong Q3 Results; Buy, Hold Or Sell?

Vedanta Share Price Today: Shares of Vedanta Limited declined nearly 7.75% in the first half of Friday's intraday trading session, a day after the company announced its third quarter financial year. The metal to mining conglomerate reported a 60% year-on-year (YoY) jump in its net consolidated profit in Q3FY26.

Vedanta shares were trading 7.75% lower at Rs 708.05 per share on BSE with a market capitalisation of Rs 2,76,875.03 crore at 12:12 pm. The stock had dipped to an intraday low of Rs 702.40 per share and an intraday high of Rs 762.50 per share.

Vedanta Share Price Recommendation

Vedanta's Q3 result announcement was mostly in alignment with the market estimates. The company's net profit was in line with expectations, supported by favourable prices and better volume. Motilal Oswal and Emkay Global had maintained a 'Buy' rating for the stock.

"Consolidated EBITDA stood at INR152b (+37% YoY and +33% QoQ), against our est. of INR143b, driven by lower costs and favorable LME. EBITDA margin for 3QFY26 stood at 32.5% compared to 28.6% in 2QFY26 and 28.4% in 3QFY25," read a report by Motilal Oswal report.

Meanwhile, Emkay Global revised its target price for Vedanta stock based on Vedanta's demerger-based SOTP valuation.

Vedanta Share Price Target

Motilal Oswal gave a 'Buy' rating for Vedanta with a target price of Rs 810 per share. Whereas, Emkay Global revised its target price for Vedanta stock.

"We remain buyers of VEDL, with EBITDA upgrades of 0-3% for FY27E/28E and revised up target price by ~21% to Rs850 from Rs700, as we move to demerger-based SOTP valuation as our base case," noted Emkay in its report.

Vedanta Q3 Result Recap

Vedanta's net profit (attributable to owners) stood at Rs 5,710 crore, which was 61% higher than Rs 3,547 crore reported in the year-ago period. The diversified metal giant's net consolidated revenue surged to Rs 22,979 crore in Q3FY26 against Rs 16,742 crore reported in the year-ago period.

The company reported its highest-ever Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of Rs 15,171 crore, up 34% on a yearly basis and 31% on a sequential basis.

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