Vedanta stock price target: Nuvama said Vedanta’s debt peaked out in FY24. It revised upward its target price on the scrip to Rs 542 from Rs 394 earlier. The brokerage retained its ‘Buy' on the stock.
The Anil Agarwal-led Vedanta is well-placed to benefit from commodity upcycle given its diversified exposure, CLSA said. Efforts to increase capacity and profitability across segments auger well, it said.
Vedanta shares rose 3.18 per cent to hit a high of Rs 272.15 on BSE. Antique Stock Broking said the Anil Agarwal company has established a huge asset base with expected replacement cost in excess of $50 billion.
Vedanta share price targets: Motilal Oswal Securities finds the stock worth Rs 280. Antique Stock Broking cut its target on the stock to Rs 329 apiece adding that a sharp rise in debt is posing a concern.