Vedanta Share Price In Focus Today As Group Denies Report Over Stake Sale In Vedanta Aluminium, Group Firms

Vedanta Share Price Today: Shares of Vedanta Limited will remain in focus on Thursday, after Vedanta Resources denied speculations linked to its stake sale in any of the group arm including Vedanta Limited or Vedanta Aluminium.

Vedanta share price closed 4.3% higher at Rs 286.65 per share on BSE with a market capitalisation of Rs 1,12,091.27 crore on Wednesday. The stock had touched an intraday high of Rs 287.00 per share and an intraday low of Rs 273.50 per share. Meanwhile, Vedanta Aluminium share price closed 3.32% higher at Rs 462.55 per share on BSE with a market capitalisation of Rs 1,80,875.00 crore on Wednesday. The stock touched an intraday high of Rs 463.95 per share and an intraday low of Rs 448.90 per share.

Vedanta Resources Dismisses Stake Sale Buzz

In its press release, Vedanta Resources clarified that there is no plan to sell its stake in Vedanta Limited, Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Iron & Steel or any other group companies.

Vedanta Resources will continue to remain focused on growth and value creation, which will be driven by its planned demerger into five focused businesses, as stated in the press release. The growth plan will be driven by its planned demerger into five focused businesses, and an ambitious growth capex pipeline, deleveraging and shareholder returns.

Vedanta Share Price Recommendation

Emkay Global maintained a 'Buy' recommendation with a target price of Rs 350 per share. "We keep FY27E EBITDA broadly intact, while lowering FY28-29E EBITDA by 4% to incorporate a more conservative Ag price of $60/oz (vs $65/oz earlier). We maintain BUY on the stock and TP of Rs 350," stated the brokerage in its report.Motilal Oswal maintained a 'Neutral' rating for the stock with a target price of Rs 290 per share.

"The stock currently trades at 7.6x EV/EBITDA on the FY28 estimate. Based on our SoTP valuation, we derive a fair value of ~INR290/share, with the Zinc business remaining the largest contributing vertical. We reiterate our Neutral rating on the stock," stated the brokerage.

Vedanta Aluminium Share Price Recommendation

Motilal Oswal maintained a 'Buy' rating for the stock with a target price of Rs 540 per share. "The stock trades at 5.3x EV/EBITDA on FY28. We retain our estimates for FY28 and reiterate our BUY rating on the stock with a TP of INR540," stated the brokerage in its report.

Emkay Global maintained a 'Buy' rating for the stock with a target price of Rs 550 per share. "We value the company at 6.0x FY28E EV/EBITDA, maintaining our TP of Rs550, supported by improving earnings visibility, cost leadership, and favorable Al demand fundamentals."