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News Topical, Digital Desk : Vedanta Share Price: Vedanta, the mining conglomerate owned by Anil Agarwal, has been upgraded by brokerage firm BoFA Securities in its latest report released on Wednesday, February 25. BoFA has raised Vedanta's rating to 'BUY' from 'NEUTRAL' and raised the stock's price target by 75% from Rs 480 to Rs 840.
The Vedanta share price target
upgrade was driven by a positive outlook for aluminum, strong silver prices, and a healthy dividend yield of around 6%. The report noted that significant debt reduction at the parent company has mitigated the risk of increased brand-fee rates on inter-corporate loans. The brokerage has raised Vedanta's EBITDA estimates for FY2026 to FY2028 by 16% to 21%, based on higher aluminium estimates, a more reasonable price for Hindustan Zinc, a depreciating rupee against the US dollar, and a reduction in the holding company discount by 5% to 15%.
Vedanta Stock Price BoFA's target of Rs 840 for Vedanta is the third highest in the market. Earlier, Citi had set a target of Rs 900 and Systematix Group had set a target of Rs 898. Out of 15 analysts tracking the mining company, 11 have a 'buy' rating and four have a 'hold' recommendation. No analyst has a 'sell' recommendation on the stock.
Vedanta Stock Price On Tuesday, Vedanta shares closed 2.5% higher at Rs 698.5. Vedanta's share price is currently up 3.13% at ₹716.85. It has gained 5.06% in 5 days, 1.57% in 1 month, 1.57% in 6 months, and 75.08% in 1 year.
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