Citi's Metals Pair Trade: Long on Demerger-Bound Stock, Shorting a Peer

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Citi's Metals Play: Bets on Vedanta, Shorts JSW Steel Amid Demerger Buzz

Citi's Metals Play: Bets on Vedanta, Shorts JSW Steel Amid Demerger Buzz

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CNBC TV18•25-02-2026, 10:51

Citi's Metals Play: Bets on Vedanta, Shorts JSW Steel Amid Demerger Buzz

•Citi initiates a pair trade: 'Overweight' on Vedanta, 'Underweight' on JSW Steel.
•Vedanta shares surge over 5% on Wednesday, JSW Steel up around 2%.
•Citi sees limited upside for JSW Steel due to high valuation and steel price outlook.
•Vedanta's potential gains linked to proposed demerger and attractive commodity prices.
•BofA Securities upgrades Vedanta to 'Buy', citing bullish aluminum, silver prices, and dividend yield.

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