Vedanta Stock Nears Record Highs as BoFA Raises Price Target by 75% to 'Buy'
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Vedanta Stock Soars: BoFA Upgrades to 'Buy', Price Target Jumps 75% to ₹840
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CNBC TV18•25-02-2026, 11:33
Vedanta Stock Soars: BoFA Upgrades to 'Buy', Price Target Jumps 75% to ₹840
•BoFA Securities upgraded Vedanta to 'buy' from 'neutral', raising its price target by 75% to ₹840 from ₹480.
•The upgrade is driven by a bullish outlook on aluminium, supportive silver prices, and a healthy 6% dividend yield.
•Significant deleveraging at the parent company reduces the risk of increased brand-fee rates on inter-corporate loans.
•BoFA increased its FY26-28 EBITDA estimates for Vedanta by 16-21% due to higher aluminium forecasts, improved Hindustan Zinc valuation, rupee depreciation, and reduced holding company discount.
•Vedanta's ₹840 price target from BoFA is the third highest on the street, following Citi (₹900) and Systematix Group (₹898).
