_edited.png)
Vedanta Ltd
Vedanta Hits Record High - Why Analysts See the Stock Crossing ₹800 Next
Vedanta shares touched a record high as brokerage firm Nuvama Institutional Equities raised its price target to ₹806, the highest on the Street. Backed by demerger-led value unlocking, strong commodity prices, and sharp EBITDA growth expectations, Vedanta has emerged as one of the strongest large-cap performers, with zero “sell” ratings among analysts.
Street Turns Increasingly Bullish
Vedanta has received its most optimistic valuation yet, with Nuvama maintaining a “buy” rating and raising its target price by 18% to ₹806 from ₹686. This implies a potential upside of nearly 27% from recent levels. Notably, none of the 14 analysts tracking Vedanta currently have a “sell” rating—10 recommend “buy” while the rest suggest “hold,” highlighting strong consensus confidence.
Demerger Seen as Major Value Unlocker
A key driver behind the rally is Vedanta’s ongoing demerger plan, under which the company will split into five separately listed entities. According to Nuvama, Vedanta is in the final stages of securing statutory approvals. The brokerage believes this restructuring will unlock significant shareholder value, as individual businesses will be independently valued rather than being bundled under a holding-company discount.
Commodity Cycle and Earnings Upgrades
Strong aluminium and zinc prices have materially improved Vedanta’s earnings outlook. Nuvama has upgraded its EBITDA estimates by 17% for FY27 and 8% for FY28, factoring in higher commodity prices, cost reductions, and volume growth. As a result, Vedanta’s EBITDA is now expected to grow at a robust CAGR of 20% between FY25 and FY28.
Valuation Comfort and Market Momentum
The brokerage also noted that Vedanta’s current market price does not fully reflect the value of its aluminium and zinc businesses, effectively offering other verticals at minimal valuation. The stock is up 36% in 2025 so far, marking its second consecutive year of positive returns. It has risen for five straight months and is up nearly 10% this month alone, underlining sustained market momentum.
Investor Takeaway
With a rare combination of zero sell ratings, structural value unlocking through demerger, and a favourable commodity cycle, Vedanta’s rally appears to be driven by fundamentals rather than sentiment alone. The Street’s growing conviction explains why the stock continues to make new highs—and why the ₹800 level is now firmly on investors’ radar.
Latest News
TVS Motor Shares In Focus After Q2 Profit Jumps 50 Percent As Brokerages See Upside
TVS Motor reported a 50.2 percent year on year increase in consolidated net profit to Rs 1194.51 crore for Q2 FY27, while revenue from operations rose 38.6 percent to Rs 19474.44 crore. Strong volume growth, improving profitability, electric vehicle sales and export momentum have led brokerages to maintain a positive outlook on the stock.
4:36 pm
29 October 2026
BLS Polymers IPO Subscription Crosses 45 Times On Final Day
The BLS Polymers IPO remained in strong demand on the final day of bidding, with the issue subscribed 46.74 times by 10:15 am on October 29, according to NSE data. Non institutional investors led the subscription with bids exceeding 116 times the shares reserved for the category, while the grey market premium rose to 34 percent.
4:08 pm
29 October 2026
Bandhan Bank Shares Rise After Q2 Profit Jumps More Than Fivefold as Brokerages Cut Target Prices
Bandhan Bank shares gained around 1.5% on October 29, 2026, after the lender reported a second-quarter net profit of ₹622 crore, compared with ₹112 crore in the corresponding year-ago period. Despite the sharp improvement in profitability, Nomura retained its Neutral rating and reduced its target price to ₹175 from ₹190, while CLSA also lowered its price view.
3:55 pm
29 October 2026
Brent Crude Falls Below 115 Dollars As US Iran Peace Hopes Ease Supply Fears
Brent crude futures fell below 115 dollars a barrel while WTI crude traded near 101 dollars as hopes of US Iran peace talks eased concerns over a widening Middle East conflict. The decline came despite continued uncertainty over regional tensions and their potential impact on global oil supplies.
3:20 pm
29 October 2026
Bitcoin Falls Below 80000 as Hawkish Fed Stance Fuels Caution
Bitcoin fell below the 80000 level to around 79750 as a hawkish Federal Reserve stance increased caution among crypto investors. The decline came despite continued inflows into US spot Bitcoin exchange traded funds, with investors closely watching support levels, ETF flows and upcoming US economic data.