Vedanta Shares Soar to Record High; Nuvama Projects ₹800+ Target

• Vedanta Ltd. shares hit a record high, with Nuvama setting the highest target price on the street.
• Nuvama maintained a "buy" rating, raising its price target by 18% to ₹806 from ₹686, implying a 27% upside.
• The demerger into five entities, strong commodity prices, cost reduction, and volume growth are key drivers.
• Nuvama increased Vedanta's FY27 and FY28 EBITDA estimates due to higher commodity prices.
• Vedanta's stock is up 3% today at ₹656.5, extending a five-month winning streak and nearly 10% gain this month.

Why It Matters: Vedanta shares reached a record high, driven by Nuvama's bullish ₹806 target and demerger prospects.