Vedanta Shares Gain 3% as Nuvama Sets ₹806 Target on Demerger Progress
Vedanta shares climbed more than 3% in recent trading sessions following a positive outlook from Nuvama Institutional Equities. The brokerage firm raised its target price for the stock to **Rs 806**, reiterating the company as a top pick within the sector.
The upward revision is primarily driven by anticipated value unlocking through Vedanta's proposed **corporate demerger**. This strategic restructuring is expected to streamline operations and enhance shareholder value across its diverse business segments.
Further bolstering the valuation are upward adjustments to **commodity price assumptions** and a robust outlook for **EBITDA growth**. Analysts point to improved operational efficiencies and a favorable global pricing environment as key catalysts for the company’s financial performance.