Kotak upgrades Vedanta to 'Buy' after demerger approval
pre-market1 source ↓written by the desknot a recommendation
- target price
- ₹650
- following
- 14% upside
- in value post-demerger
- 10-14% rise
Kotak Institutional Equities has upgraded Vedanta Ltd to 'Buy' with a target price of ₹650, anticipating a 14% upside following the NCLT-approved demerger. The demerger aims for completion by April 2026, enhancing shareholder value through streamlined operations. Analysts predict a 10-14% rise in value post-demerger, improving overall valuations.
Not investment advice. For informational purposes only.