Vedanta Share Price In Focus After Posting Highest-Ever Aluminium, Alumina, Zinc Output In Q3; Should You Buy?

Vedanta Share Price In Focus: Shares of metal-to-mining conglomerate, Vedanta Limited, will remain in focus on Monday, January 5, as the group announced an upbeat production update during the third quarter of financial year 2025-26. The Anil Agarwal-led group had posted the highest-ever aluminium, alumina, and zinc output.

Vedanta shares closed 2.45% higher at Rs 616.95 per share on BSE with a market capitalisation of Rs 2,41,251.39 crore on Friday, January 3. The stock had touched an intraday high of Rs 618.25 per share and an intraday low of Rs 604 per share.

Vedanta Q3 Update

Vedanta Limited had reported strong quarterly and nine-monthly aluminium and alumina production and record third quarter mined metal and refined metal production during the quarter.

As per Vedanta's BSE filing, released on Saturday, the group had posted highest ever quarterly and nine-month alumina production at Lanjigarh refinery. Alumina production was also recorded at its highest-ever quarterly numbers, driven by operational efficiencies at the Jharsuguda facility.

The alumina production saw a 32% year-on-year (YoY) jump in the first nine months of FY26. Whereas, the mined metal production surged by 2% YoY during the period. Vedanta's cathode production stood at 45 kt, higher by 1% YoY and 12% on a sequential basis. As per the company, this was the highest quarterly cathode production in last seven years. Silver production (saleable) was recorded at 158 metric tonnes in the third quarter, which is up 10% QoQ in line with lead production.

Vedanta Share Price Recommendation

Vedanta shares have rallied significantly over the past one week. Emkay Global, in December, gave a 'Buy' rating to the metal stock. As per the brokerage, Vedanta was given a target price of Rs 625 per share. "We still believe silver exposure is underpriced and the recent runup in HZ and VEDL stock price is a reflection of the earnings upgrade potential (refer to Silver exposure underpriced)," noted Emkay Global in its report on 17 December.

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