Vedanta Ltd Soars: Nuvama Sets Highest Target Price of ₹806, Recommends 'Buy'

• Nuvama maintains 'Buy' rating on Vedanta Ltd, raising target price by 18% to ₹806.
• The new target of ₹806 is the highest among 14 analysts, indicating a potential 27% upside.
• Vedanta's demerger into five companies is in final stages, expected to unlock shareholder value.
• Strong commodity prices, cost reductions, and volume growth boost investment prospects.
• Nuvama increased Vedanta's EBITDA estimate for FY27 and FY28 due to higher commodity prices.

Why It Matters: Nuvama gives Vedanta Ltd a top 'Buy' rating with a new target of ₹806, citing demerger and growth.