Vedanta Shares Soar to Record High as Kotak Upgrades on NCLT Demerger Approval

• Kotak Institutional Equities upgraded Vedanta's rating to 'Buy' for the second time in two months, citing NCLT's demerger approval.
• Vedanta shares surged over 1.5% to a new one-year high of ₹579.95, closing at ₹570.00 on BSE.
• Kotak raised Vedanta's target price from ₹550 to ₹650, with a bull case of ₹770.
• NCLT's approval of the demerger plan is expected to complete by end of FY26, boosting investor confidence.
• Other bullish factors include commodity price surge, growth projects, and easing debt concerns of Vedanta Resources, projecting strong profit and EPS growth.

Why It Matters: Vedanta shares hit record high as Kotak upgrades rating on NCLT demerger approval and strong growth outlook.