India's Vedanta jumps on BofA upgrade, price target hike

Hindustan Zinc

25/02/2026 08:25

** India's metals and mining company Vedanta's shares VDAN.NS rise as much as 5.36%, topping the metal index .NIFTYMET, which is up 2.3%

** VDAN shares last up 4%

** Move follows BofA Securities upgrading Vedanta to "buy" from "neutral"

** BofA also raises its price target to 840 rupees from 480 rupees, implying about 21% upside versus Tuesday's close

** Brokerage cites a bullish aluminium view, supportive silver prices, and an estimated 6% dividend yield from fiscal year 2027 as key positives

** Raises FY2026–FY2028 operating profit estimates by 16%–21%, reflecting higher aluminium forecasts and USD/INR depreciation assumptions

** Brokerage says Vedanta's stake in unit Hindustan Zinc HZNC.NS is worth more than previously estimated

** Vedanta is up ~19.4% in 2026 to date, outpacing the metal index's ~10.6% gain

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))