Motilal Oswal starts India's Vedanta Aluminium Metal with 'buy'
10/07/2026 08:19
BUZZ-Motilal Oswal starts India's Vedanta Aluminium Metal with 'buy' ** Motilal Oswal initiates coverage on India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, with a "buy" rating and PT at 540 rupees, ~20% higher than current price
** Brokerage says VEDO's consolidated revenue and PAT to grow at ~11% and 23% CAGR over FY26-28
** Growth to be driven by volume expansion, structural cost reductions, increased contribution from value-added products - Motilal Oswal
** Brokerage expects VEDO to benefit from favourable industry dynamics and company-specific structural drivers
** VEDO up 1% to 448.2 rupees
** Stock down ~14% since listing on June 15
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
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